Pelatro PLC (LON:PTRO), the telecoms customer engagement software specialist, said one of its customers has expanded a business consultancy engagement to a full managed services contract.
The managed services contract starts immediately and will generate approximately US$2mln of revenue for the group over the next five years.
The award underpins the board's confidence in this year's market expectations, Pelatro said.
Two other existing customers, meanwhile, have placed contracts to upgrade their version of mViva to the current V6, along with a number of change requests.
Subash Menon, Pelatro’s chief executive, said: "We are encouraged by another customer moving to our managed service offering, with long term visibility supported by appropriate strategy and execution capabilities.
“The new version of mViva and associated new modules have enabled us to deliver more value to our customers. mViva is a very powerful tool for telco marketing, which can be leveraged to deliver superior returns to the telco."