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viewPelatro PLC

Contract Win

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RNS Number : 5190C
Pelatro PLC
18 June 2019
 

Pelatro Plc

("Pelatro", the "Company" or the "Group")

 

Contract Win

 

Pelatro Plc (AIM: PTRO), the global Multichannel Marketing Hub software specialist, announces that the Company has been selected by a large telco in Asia to implement its Contextual Marketing Platform, on a license fee model. Furthermore, the Company continues to contract for significant Change Requests. The collective value of the new contract and recent Change Requests is about US$1.5 million.

 

This latest contract win further strengthens the Company's client base, which now stands at 18 clients across 17 countries. providing further earnings growth and additional cross selling opportunities.

 

Commenting on this contract win, Subash Menon, Managing Director & CEO of Pelatro said: "We are delighted with the continued strong progress that the Company is making as it converts its healthy pipeline of new opportunities. Importantly, in addition to adding new clients we are benefiting from increasing levels of repeat business and cross selling opportunities from existing clients, underpinning the Board's confidence in trading as we close the first half of the year."

 

 

For further information contact:

 

Pelatro Plc

 

Subash Menon, Managing Director & CEO

c/o Walbrook PR

Nic Hellyer, Finance Director

 

 

 

finnCap Limited (Nominated Adviser and Broker)

+44 (0)20 7220 0500

Carl Holmes / Kate Bannatyne/Matthew Radley

 

 

 

Walbrook PR Advisors

+44 (0)20 7933 8780

Paul Cornelius / Nick Rome

Or [email protected]

 

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

 

 

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 applications, and is well positioned in the Multichannel Marketing Hub space (MMH) - this is technology that orchestrates a customer's communications and offers to customer segments across multiple channels to include websites, social media, apps, SMS, USSD and others.

 

For more information about Pelatro, visit www.pelatro.com


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Pelatro PLC

Price: 55

Market: AIM
Market Cap: £17.89 m
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