Crimson Tide PLC -Kent, England-based software developer and provider of mpro5 solution - Extends contract with one of the UK's "leading educational catering providers" to 950 sites across the country, representing a 50% increase to the monthly recurring revenue of the contract and takes total contracted revenue to GBP270,000. Also inks new three-year contract with an existing governing body in Ireland. Says this includes a 56% increase in MRR and raises the total value for the contract to EUR460,000.
Chair Barrie Whipp says: "Clients extending and expanding their partnership with mpro5 reinforces the value we add to our clients and the benefits they see across their organisations. Building long term relationships with customers, in multiple sectors, supports our message that mpro5 is a scalable solution that can be tailored to many client needs in compliance, auditing and verification."
Current stock price: 1.89 pence, up 2.2%
12-month change: down 5.5%
By Sabrina Penty, Alliance News reporter
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Crimson Tide (TIDE)