Crimson Tide PLC - Kent, England-based mobile software firm - Secures three-year contract with a "major wholesaler". The contract worth GBP550,000 sees the new client using Crimson's "mpro5 solution to digitalise processes across its entire estate of over 190 stores in the UK." Explains that the contract digitalises logbooks, which retail and wholesale companies use to prove compliance to regulators.
"Our ability to provide this new client with dramatically improved insight into its operations, further evidences the diverse and flexible nature of the mpro5 platform. The contract is another building block in our growing annual recurring revenue," says Crimson Chair Barrie Whipp.
Current stock price: 2.38 pence, up 13% on Tuesday
12-month change: up from 0.032p
By Tom Budszus; tombudszus@alliancenews.com
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Crimson Tide (TIDE)