Arcontech extends contract with existing client

Real-time financial market data company Arcontech announced an extension agreement with an existing client on Friday, to the value of approximately £95,000 in new annual recurring revenue.

The AIM-traded firm said the extension was a result of expanded software licenses provided to the client.

“The agreement is effective from mid October 2016,” Arcontech’s board said.

“The same client is also evaluating additional products.”