WANdisco PLC jumped 8% to 690p after the software company said it signed a follow-on agreement worth US$13.2mln.
A statement said the deal was signed with a European automotive components supplier.
In total, the combined commit-to-consumer contract over the three arrangements with this client in 2022 totals US$25.3mln.
Half of the aggregated US$25.3mln will be paid in advance, WANdisco said, with revenue recognised in step with the client’s movement of data.
“We are seeing an acceleration of interest in our solutions and as a result, our pipeline remains at a record level both in terms of the number of opportunities and the combined value of those opportunities,” added chairman and chief executive David Richards.
“We believe that the rapid expansion that has followed the initial contract in this client case is something we expect to replicate with a number of other customers. We expect to report further progress before the year-end.”