LONDON (Alliance News) - Mediazest PLC on Tuesday said it has secured an extension on the contract to provide its retail analytics product to an unnamed client.
Mediazest said the extension to the deal will mean the contract will now run to February 2016. The company said while the revenue stream on the contract has been relatively small for a single site, the extension of the deal means there is scope for the company to generate further revenue.
Mediazest did not provide any financial details on the deal.
"Extending the existing contract is of great significance as it demonstrates the value of the product and that it is delivering the big data information we expected with sufficient accuracy," said Mediazest Chief Executive Geoff Robertson.
Shares in Mediazest were trading down 2.6% at 0.263 pence on Tuesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Mediazest (MDZ)