Secure payments and customer contact group Eckoh PLC (LON:ECK) continues to grow in the US - securing three contracts worth over US$2.5mln over the next three years.
Two of them are based on the software as a service (SaaS) pricing model and are expected to go live by spring next year, generating recurring revenue in the new financial year, from April, 2017.
The first is a two-year deal for the group's secure payments solution with one of the largest manufacturers and suppliers of nutritional supplements in the US, while the second is a three-year deal with a Fortune 500 corporation in financial services.
This client is a long-standing customer of Product Support Solutions (PSS), which Eckoh acquired for U$7.6mln in November last year, and has a number of blue chip clients on the books.
The deal represents the first success in cross-selling Eckoh's secure payments solutions into the extensive PSS customer base, Eckoh said.
The third win is a three-year agreement with one of the largest US telecommunications providers, where Eckoh will provides its browser-based agent desktop 'Coral' to more than 3,000 contact centre agents in a new facility opening at the end of 2016.
Coral simplifies and aggregates technology, which the centre may already be operating.
Nik Philpot, Eckoh's chief executive, said: "It is exciting to see the contract momentum in the US market building and for Eckoh to be increasingly securing contracts of greater value and with brand leaders in their fields.
"In addition, the move to a SaaS style price model will over time build a base of recurring revenue in the US comparable to the UK operation and we would expect this to underpin the growing value of the company in future years.
"Our trading performance at the end of the first half of the year has been strong and we remain confident that the revised market expectations for this financial year will be achieved."