Pelatro PLC Contract Wins
24 Junio 2020 - 1:00AM
RNS Non-Regulatory
TIDMPTRO
Pelatro PLC
24 June 2020
June 24, 2020
Pelatro Plc
("Pelatro" or the "Group")
Contract Wins
Pelatro Plc (AIM: PTRO), the telecom Customer Engagement
software specialist, today announces that an existing customer has
expanded a Business Consultancy engagement to a full Managed
Services contract. This deepens the engagement between that
customer and Pelatro, while Pelatro expect to add more value to the
operations of the telco. This long term Managed Services contract
will generate approximately US$2 million of revenue for the Group
over the next five years, and underpins the Board's confidence in
this year's market expectations. The new contract starts with
immediate effect.
Pelatro is also pleased to announce that two other existing
customers have placed contracts to upgrade their version of mViva
to the current V6, along with a number of Change Requests and three
of the Group's new modules, demonstrating Pelatro's ability to
scale up mViva to serve the changing and evolving requirements of
the industry.
Commenting on these wins, Subash Menon, the Managing Director,
CEO and Co-Founder of Pelatro Plc said: "We are encouraged by
another customer moving to our Managed Service offering, with long
term visibility supported by appropriate strategy and execution
capabilities. The new version of mViva and associated new modules
have enabled us to deliver more value to our customers. mViva is a
very powerful tool for telco marketing, which can be leveraged to
deliver superior returns to the telco."
For further information contact:
Pelatro Plc
Subash Menon, Managing Director c/o Cenkos Securities
plc
Nic Hellyer, Finance Director
Cenkos Securities plc (Nominated adviser
and broker) +44 (0)20 7397 8900
Stephen Keys / Cameron MacRitchie (corporate
finance)
Michael Johnson (sales)
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 and B2B applications, and is well positioned in the Customer
Engagement space. Our technology orchestrates the digital journey
of the customers of the telcos through contextual, relevant and
real time offers and loyalty programs across multiple channels
including websites, social media, apps and others.
For more information about Pelatro, visit www.pelatro.com
[END]
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END
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