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9Spokes International hails three-year deal with Virgin Money UK

9Spokes International Ltd's (ASX:9SP) Adrian Grant speaks to Proactive's Andrew Scott soon after signing a three-year contract with Virgin Money UK PLC (VMUK) (LON:VMUK) (FRA:42YA) to deliver a VMUK instance of the 9Spokes platform comprising Track, Connect and Explore for the bank’s SMB customers, and bank serving products Engage and Monitor. Over the term of the contract, 9Spokes expects to receive one-off revenue attached to build and implementation and annual access licence fees of around US$2.85 million (in aggregate). The three-year term commences when the platform launches in September this year.

Quick facts: 9Spokes International Ltd

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ASX:9SP

Price: 0.013 AUD

Market Cap: $19.41 m

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9Spokes CEO hails milestone agreement with Virgin Money UK

9Spokes Ltd's (ASX:9SP) Adrian Grant caught up with Proactive's Andrew Scott soon after signing a frameworks services agreement with Clydesdale Bank Plc, a subsidiary of Virgin Money UK PLC and a first Statement of Work to determine project scope for a working capital health proposition. Virgin...

on 9/2/21

2 min read