Bango partners with unnamed 'multinational technology company'

Software firm Bango has struck an agreement with an unnamed "leading, multinational technology company".

Bango said on Thursday that the agreement will see the group's new partner use its platform to provide carrier billing and bundling services for its app store payments and subscription services.

The AIM-listed group added that the deal, subject to the partner's standard terms of business for suppliers, was not expected to alter financial expectations for the 2022 financial year but stated it would continue to review the potential impact of the partnership in 2023 and beyond, as the relationship develops.

As of 0920 BST, Bango shares had shot up 10.08% to 139.25p.

Reporting by Iain Gilbert at Sharecast.com