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31 May 2011 07:00
Artilium plc
('Artilium' or the 'Company')
Contract extension with KPN Group Belgium
Artilium is pleased to announce that it has extended the company's largest existing contract which is with KPN Group Belgium, well ahead of this contract expiring in March 2012.
From March 2012, the extended agreement will be based on a subscriber fee model aligning the relationship with KPN Group Belgium to the commercial strategy of the Company.
The value of the contract, based on the existing amount of active subscribers on the platform deployed, is expected to be approximately €3 million per annum.
As a result of this extension, Artilium will continue to deliver the ARTA Mobile Communities Platform (already implemented at KPN Group Belgium) and the managed services for this platform going forward.
Maarten Bisseling, CEO Artilium commented: "We are very pleased to have agreed this contract extension with KPN, our largest client. I believe it reflects well on the work we have done together since 2004 and we look forward to working closely together in the future. I also believe it demonstrates the value and attraction to our clients of switching to a subscriber fee model."
For further information contact:
Artilium PLC: +32 (0)50230300Adrie ReindersMaarten Bisseling
Arbuthnot Securities: +44 20 7012 2000Antonio BossiEd Groome
Cardew Group +44 20 7930 0777
Tim Robertson
Jamie Milton
Alexandra Stoneham
About Artilium
Founded in 1995, Artilium develops and sells software solutions to telecoms companies and service providers under its ARTA family of products. Its clients include BT, Vodafone Spain, Ziggo (NL), Belgacom Mobile (BE), Lebara, Telenet and KPN.
ARTA enables telecoms companies to market to consumers in a highly targeted manner, creating packages which are tailor made to groups of subscribers such as a municipalities or interest groups.
ARTA technology provides:
·; A low cost solution for creating a commercial communications network for communities and companies. Used by major Mobile Virtual Network Operators and smaller Operators targeting subscriber bases of 1,000 and higher.
·; A low cost, low power drainage use mobile phone based alternative to GPS for movement tracking for customers ranging from haulage firms through to families wishing to know where their children are.
·; A real time, low cost rerouting of calls to provide the most efficient solution to Mobile Network Operators and Mobile Virtual Network Operators.
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