(Sharecast News) - Software-as-a-service technology company Itim Group has inked an additional professional services contract with toy retailer The Entertainer.
Itim noted that the "significant services contract" follows a recent announcement that The Entertainer Toy Shops will be opening in over 800 Tesco stores across the UK and Ireland, extending their partnership following a successful year-long trial. The Entertainer, in turn, struck its contract with Itim to extend the use of its Unify Platform offering to power the new partnership with Tesco.
The AIM-listed group, which did not disclose any financial details of the deal, said the execution of this contract was in line with its financial expectations for the current financial year.
Chief executive Ali Athar said: "We are delighted to have been selected by The Entertainer to help power this exciting new partnership with Tesco. This is a significant endorsement of Itim's product set and we look forward to working with The Entertainer in making the project a great success."
As of 1200 BST, Itim shares were down 3.61% at 40.0p.
Reporting by Iain Gilbert at Sharecast.com
Itim Grou (ITIM)