Pelatro PLC (AIM:PTRO), the telecom customer engagement hub software specialist, has bagged a contract with an African telecoms company (telco).
Pelatro will provide its mViva Campaign Management Solution on a managed services basis, payable as a fixed monthly fee. The value of the multi-year contract, for the initial period, is around US$1 million with the provision for extension after the initial period.
To put that into context, in its September interim results, Pelatro said it made US$3.46mln in revenue in the first half of 2021.
"This win has helped us penetrate the growing African market further. This is our third new customer in 2021 and further cements our position as a leading managed services provider of campaign management and loyalty management solutions,” said Subash Menon, the managing director and chief executive officer of Pelatro.
Shares in Pelatro were up 1.3% at 38.5p in the first half-hour of trading.