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ATTRAQT wins contract with iconic British luxury brand, shares rise

ATTRAQT's latest contract win comes on the back of the £1.2mln deal it recently signed with two global brands earlier this quarter
ATTRAQT wins contract with iconic British luxury brand, shares rise
Its latest contract win sent ATTRAQT's shares up 8.8%

Online merchandising, search and e-commerce personalisation provider ATTRAQT Group plc (LON:ATQT) on Thursday said it had had won a £0.64mln multi-year contract with an iconic, British luxury brand, sending its shares higher.

ATTRAQT said it had signed an agreement for its technology to be part of the brand's digital architecture following a competitive pitch process. It added that its software would be used to power on-site search, recommendations and merchandising activities.

READ: ATTRAQT confident of in-line full-year outcome

The contract win comes on the back of the £1.2mln deal it recently signed with two global brands earlier this quarter. ATTRAQT said these wins further highlight how its technology continues to deliver compelling results for some of the world's most powerful online retailers.

"I am delighted to announce this new contract win, demonstrating our ability to provide powerful, mission-critical solutions for luxury retailers and builds on the momentum we have enjoyed over the past few months and it will support our existing forecasts,” CEO Luke McKeever said.

“We will continue to focus on extending our strong product set, with further product innovation and platform integration solutions available later this year. We are proud to power some of the world's best on-line shopping experiences,” he added.

Shares in ATTRAQT were 8.8% up at 36.45p in mid-afternoon trade.

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