2 Jun 2023 07:00
2 June 2023
Pelatro Plc
("Pelatro" or the "Group")
Contract Win
Pelatro Plc (AIM: PTRO), the Customer Engagement Hub software specialist for enterprises, is pleased to announce that it has been awarded a large contract for campaign management solution by a Middle East telco with operations in multiple countries. Pelatro had won a contract from one of its operations last year and has now successfully expanded the relationship to three more countries. The overall contract delivers recurring revenue of c. $650,000 p.a.
Commenting on this win, Subash Menon, Managing Director and CEO said, "We are excited with this large recurring revenue contract which increases our ARR by a significant amount. As is the case with this contract, all material contracts in our pipeline are also recurring in nature."
For further information contact:
Pelatro Plc | c/o finnCap | |
Subash Menon, Managing Director | ||
Nic Hellyer, Chief Financial Officer | ||
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finnCap Limited (Nominated Adviser and Joint Broker) | Tel: +44 (0)20 7220 0500 | |
Carl Holmes / Milesh Hindocha (Corporate Finance) | ||
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Dowgate Capital Limited (Joint Broker) | Tel: +44 (0)20 3903 7715 | |
Stephen Norcross | ||
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Notes to editors
The Pelatro Group was founded in March 2013 by Subash Menon and Sudeesh Yezhuvath with the objective of offering specialised, enterprise class software solutions for customer engagement principally to telcos who face a series of challenges including market maturity, saturation and customer churn.
Pelatro provides its "mViva" platform for use by customers in B2C and B2B applications and is well positioned in the Customer Engagement space. Our technology orchestrates the digital journey of the customers of the telcos through contextual, relevant and real time offers and loyalty programs across multiple channels including websites, social media, apps and others.
For more information about Pelatro, visit www.pelatro.com