Pelatro PLC Contract Win (5190C)
18 Junio 2019 - 1:00AM
UK Regulatory
TIDMPTRO
RNS Number : 5190C
Pelatro PLC
18 June 2019
Pelatro Plc
("Pelatro", the "Company" or the "Group")
Contract Win
Pelatro Plc (AIM: PTRO), the global Multichannel Marketing Hub
software specialist, announces that the Company has been selected
by a large telco in Asia to implement its Contextual Marketing
Platform, on a license fee model. Furthermore, the Company
continues to contract for significant Change Requests. The
collective value of the new contract and recent Change Requests is
about US$1.5 million.
This latest contract win further strengthens the Company's
client base, which now stands at 18 clients across 17 countries.
providing further earnings growth and additional cross selling
opportunities.
Commenting on this contract win, Subash Menon, Managing Director
& CEO of Pelatro said: "We are delighted with the continued
strong progress that the Company is making as it converts its
healthy pipeline of new opportunities. Importantly, in addition to
adding new clients we are benefiting from increasing levels of
repeat business and cross selling opportunities from existing
clients, underpinning the Board's confidence in trading as we close
the first half of 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 Advisors +44 (0)20 7933 8780
Paul Cornelius / Nick Rome Or pelatro@walbrookpr.com
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
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June 18, 2019 02:00 ET (06:00 GMT)
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