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Milestone Group signs deal with IT solutions provider

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Milestone (LON:MSG) is to provide mobile solutions to support the installation and monitoring of energy management solutions provided by IT firm Intervictus.

Intervictus offers bespoke and comprehensive real-time energy monitoring systems that enable companies to manage all aspects of energy usage.

Intervictus is also a founder member of Milestone’s youth employment initiative, the Passion Project, and will benefit from access to the programmes network of youth organisations that are training young people to become job-ready.

"Milestone Group's activities with the Passion Project are able to accelerate and realise relevant commercial opportunities for Intervictus. The provision of cutting-edge training programmes and mobile solutions adds value to our proposition,” said David Jones, of Intervictus.

Digital media firm Milestone will generate revenues at a rate of £20 per user per month, plus Passion Project engagement fees of £50 per young person, £350 per person for emotional intelligence training, and introducer's fees for all new business introduced via its networks.

"We are delighted to be joining Intervictus in a phase of growth and possibilities, with Intervictus as a key solution provider to our commercial network, whilst adding value by providing them with valuable mobile monitoring and training services," said Deborah White, chief executive officer of Milestone.

“This type of arrangement is a core tenet of the Passion Project eco-system that Milestone owns and gives a flavour for the potential revenues on offer," she added.

Shares in Milestone were up 7.8% in mid-morning trade.

Quick facts: Milestone Group PLC

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AIM:MSG
Market: AIM
Market Cap: -
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