KRM22 PLC (AIM:KRM) (LON:KRM) said it agreed a contract extension with a customer of its Risk Cockpit product used by firms operating in the capital markets.
The three-year agreement has seen annual recurring revenue (ARR) rise by £150,000 to £400,000 a year with the option to increase ARR by a further £200,000 by March next year.
Keith Todd, chairman and chief executive of the technology and software investment company, said: “As stated in the trading update, the precise timing of contract signature is uncertain however we expect further contract signatures in the near future.
“The contract extension for a further three years is an endorsement of our Risk Cockpit product applied to operational risk management."