viewEckoh PLC

Eckoh inks US$3.8mln deal to provide Coral platform to Fortune 100 firm

The secure payment products and customer contact solutions provider hailed the deal as a "significant extension" of its relationship with the US telecoms company

Licence revenue from the deal is expected to be recognised in this year’s income statement

Eckoh PLC (LON:ECK) has unveiled a significant contract win in the US to provide the Coral contact centre agent desktop product to a US-based Fortune 100 telecoms firm.

The AIM-listed firm said the three-year deal was a “significant extension” of an existing relationship with the client and was expected to be worth a minimum of US$3.8mln in licences, support and maintenance.

READ: Eckoh profits rise as record business boosts revenue

The company said the deal represented the next phase of the US company’s decision to implement Coral as their long-term desktop of choice.

Licence revenue from the deal is expected to be recognised in this year’s income statement, while levels of Coral support revenue were expected to be “largely unchanged”.

"We are extremely pleased to have secured this important and valuable Coral contract from one of Eckoh's longstanding and most significant clients”, said Nik Philpot, Eckoh’s chief executive.

He added that the new deal was an illustration that the group’s strategy of targeting large US enterprises was proving to be “highly effective”.

In lunchtime trading on Monday, Eckoh's shares were 0.2% higher at 47.1p.

--Adds share price--

Quick facts: Eckoh PLC

Price: 62.791 GBX

Market: AIM
Market Cap: £159.36 m

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