Pelatro PLC Contract Win (3989Q)
19 Febrero 2019 - 01:00AM
UK Regulatory
TIDMPTRO
RNS Number : 3989Q
Pelatro PLC
19 February 2019
Pelatro Plc
("Pelatro", the "Company" or the "Group")
Contract Win
Pelatro selected to provide mViva Contextual Marketing Solution
to Vinaphone of Vietnam
Pelatro Plc (AIM: PTRO), the global Multichannel Marketing Hub
software specialist, has been awarded a contract by Vinaphone, a
mobile network operator in Vietnam, worth approximately $1.5m over
3 years.
Pelatro will supply its mViva Contextual Marketing Platform to
assist Vinaphone increase its revenue and customer engagement
whilst reducing churn. The agreement provides Pelatro with a fixed
monthly fee in addition to a share of the incremental revenue
generated by the customers using the platform.
This is Pelatro's first contract in Vietnam and further cements
its market leading position across Asia. Vietnam has a mobile
subscriber base of 127 million and Vinaphone, the second largest
operator across the region, has a 32% market share with
approximately 40 million subscribers. Vinaphone is recognised as
one of the most innovative mobile network operators in the region
and was the first operator to launch 3G services nationwide.
Pelatro's mViva Contextual Marketing Solution, which is part of
its Multichannel Marketing Hub offering, is now being used by more
than 15 telcos.
Commenting on this contract win, Subash Menon, Managing Director
& CEO of Pelatro Plc said:
"We have made an excellent start to 2019 with this contract win
in a strategically important and large country in Asia which
continues the momentum of expansion in the region. Further, we are
particularly excited with the possibilities of a revenue share
contract with a large telco, something that has been of particular
focus. The fixed monthly fee provides stable cash flow. As
mentioned in our trading update earlier this year we have a very
healthy pipeline of contracts and look forward to updating the
market further, as we continue to expand our customer base during
this year. The Board remains confident in the outlook for the
year."
For further information contact:
Pelatro Plc
Subash Menon, Managing Director & CEO c/o Walbrook PR
Nic Hellyer, Finance Director
finnCap Limited (Nominated Adviser and
Broker) +44 (0)20 7220 0500
Carl Holmes/Kate Bannatyne/Matthew Radley
Walbrook PR Adviros +44 (0)20 7933 8780.
Paul Cornelius/Nick Rome
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
Notes to editors
The Pelatro Group was founded in March 2013 by Subash Menon and
Sudeesh Yezhuvath with the objective of offering specialised,
enterprise class software solutions for customer engagement
principally to telcos who face a series of challenges including
market maturity, saturation and customer churn.
Pelatro provides its "mViva" platform for use by customers in
B2C applications, and is well positioned in the Multichannel
Marketing Hub space (MMH) - this is technology that orchestrates a
customer's communications and offers to customer segments across
multiple channels to include websites, social media, apps, SMS,
USSD and others.
Pelatro is expanding by a mix of organic and acquisition led
growth. In August 2018 the Company completed the acquisition of
certain assets of Danateq Pte Ltd (Danateq). This acquisition
doubled the subscriber base to 325 million and brings immediate
entry into Central Europe as well as a large recurring revenue
base.
For more information about Pelatro, visit www.pelatro.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
CNTLLFFEFIITLIA
(END) Dow Jones Newswires
February 19, 2019 02:00 ET (07:00 GMT)
Pelatro (LSE:PTRO)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
Pelatro (LSE:PTRO)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024