New contract wins - RNS12 Oct 2020 08:15
Toople PLC (LSE: TOOP), a provider of bespoke telecom services to UK SMEs, is delighted to announce two new contract wins, both of which are providing new IP cloud based services driven by the roll-out of next generation telecoms infrastructure in the UK.
Toople has been chosen by a leading global investment management and advisory business based in central London, and offices around the world to facilitate a move away from their traditional telephony infrastructure to DMSL's IP cloud based next generation platform. The contract, which is for three years, will provide services for their employees to have more freedom and accessibility from any location. The platform supports access via an app to desktop, laptop, tablet, and mobile phone. Additionally, the business has contracted to a dedicated high speed internet connection to its London headquarters, also for a three-year period.
Separately, DMSL has won the contract to provide services to a large property management, and sales and letting business based in the East of England. The real estate agency has multiple offices across the region and has signed a five year contract through DMSL for the delivery of IP cloud based telephony in all their locations. These two new contracts are further evidence of continued growth in DMSL's core business, and are expected to accelerate the anticipated timeline to the Group achieving positive cash generation and profitability.
DMSL, which acts as a BT Premier reseller, continues to work with network providers including EE, O2 and TalkTalk Business, and has multiple revenue streams delivering upfront cash and recurring revenue
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