Pelatro PLC Contract Win (2300U)
28 Marzo 2019 - 1:00AM
UK Regulatory
TIDMPTRO
RNS Number : 2300U
Pelatro PLC
28 March 2019
Pelatro Plc
("Pelatro", the "Company" or the "Group")
Contract Win
Pelatro expands within SingTel Group with $0.7m contract from
AIS, Thailand
Pelatro Plc (AIM: PTRO), the global Multichannel Marketing Hub
software specialist, has been awarded a contract by Advanced Info
Services ("AIS") worth approximately GBP0.7m. AIS is a member of
the Singtel Group and is the largest mobile network operator in
Thailand with approximately 50 million subscribers.
Pelatro will supply its mViva Contextual Marketing Platform to
assist AIS increase its revenue and customer engagement whilst
reducing churn. This is Pelatro's first contract in Thailand,
broadening the Company's footprint to 16 countries, further
demonstrating the global appeal of its platform. The licence is
worth approximately GBP0.7m, which will be recognised in the
current financial period, with ongoing maintenance fees over four
years.
Expanding within the SingTel Group
The SingTel Group has operations in several large markets
including Thailand, Philippines, Indonesia, India and Africa
covering an aggregate of almost a billion subscribers. Pelatro's
products (Loyalty Management Solution and Notification Manager) are
currently being used by Globe, the SingTel operating company in
Philippines, which is the largest Telco in the Philippines. With
the addition of AIS, Pelatro now serves two of the seven markets of
the Singtel Group and provides further opportunity to cross sell
into the wider SingTel Group.
Commenting on this contract win, Subash Menon, Managing Director
& CEO of Pelatro Plc said:
"In keeping with our strategy to grow within large telco groups,
we are delighted to add AIS of Thailand to our list of customers.
Starting with Globe in Philippines, which is part of the SingTel
Group, we have successfully won this contract from AIS, yet another
large telco within the same group. This puts us in a strong
position to expand further within the SingTel Group in the future.
This contract win also now provides visibility for approximately $6
million of revenue for 2019."
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 Advisors +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.
For more information about Pelatro, visit www.pelatro.com
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END
CNTSEDFMWFUSEDD
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March 28, 2019 03:00 ET (07:00 GMT)
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