D4T4 announces two 'significant' contract upgrades

Data company D4T4 Solutions announced two new, “significant” contract upgrades in the financial services sector for its ‘Celebrus’ customer data platform.

The AIM-traded firm said the contract upgrades would add a further £3.5m to revenue in the current financial year, and bring the total added to second-half revenue from recent contract successes to £9m.

It said the newly-won contracts consisted of a significant expansion of a Celebrus customer data platform contract with a “major” US financial services organisation.

They also included an extension of an existing Celebrus customer data platform contract with a “major” UK bank.

“Financial services is a key market for us where we see increasing opportunities for growth,” said chief executive officer Peter Kear.

“These contracts provide us with excellent references for our technology, including with a top three US financial services company who are expanding the use of our software to collect real-time digital data throughout their organisation.”

Kear said the contracts provided the company with “even greater clarity” on its outlook for the year.

“As a result, we are confident in delivering a very strong finish to the year in line with board expectations.”

At 0927 GMT, shares in D4T4 Solutions were up 5.75% at 230p.