4GLOBAL PLC (AIM:4GBL) has announced a two-year extension of its framework contract with the Peruvian government until mid-2027.
The provider of data and technology for sports, fitness and wellness organisations said the value of the new agreement is “significantly higher” than the original signed in 2021.
The extension aligns with 4GLOBAL's strategy to increase customer lifetime value and demonstrates ongoing demand for its data and technology services internationally.
Eloy Mazon, CEO of 4GLOBAL, stated: "This extension is a powerful demonstration of the stickiness of customers once they have experienced firsthand 4GLOBAL's ability to leverage data to transform investment planning.
“The continued success and repeat business we've enjoyed in Peru highlights our ability to enter entirely new markets and add substantial value through the flexibility of our data and expertise in applying it effectively."
4GLOBAL initially partnered with the UK Government as a technical delivery partner for a project supporting the Peruvian government’s initiative to build 75 new schools.
The contract allows the Peruvian government to use 4GLOBAL's expertise and data to maximise student activity levels and strengthen community ties.