Newmark Security PLC (LON:NWT) said its Grosvenor Technology arm has landed a contract worth €3mln over five years.
The unnamed customer will fund €190,000 of development work that will be booked in the current financial year.
Recurring revenues
The deal to provide a Linux version of the workforce management terminal and its Sateon access product is “another example of our overarching strategy of growing recurring revenues beginning to bear fruit”, said chief executive Marie-Claire Dwek.
READ: Newmark Security to provide WorkForce Software customers with global time clock terminals
She pointed out that Newmark had invested heavily in developing its Sateon hardware, which controls and secures doors in offices, and the GT-10 unit, used to log employees in and out of the workplace.
“It is particularly pleasing to see both these products being adopted by this partner," Dwek added.