DeepMatter renews contract with research publisher Springer Nature

Digital chemistry data and software company DeepMatter has renewed its long-term commercial relationship with global research publisher Springer Nature, it announced on Friday, for a further three years.

The AIM-traded firm said the extension was expected to generate revenue of at least €0.21m (£0.18m) during the term.

DeepMatter said it licences proprietary algorithms, and supports Springer Nature in handling proprietary data, to “accelerate and enhance” discovery for its academic and industry customers.

“Springer Nature is committed to supporting researchers in sharing research data and we are delighted to be working with them to provide products and services making sharing research data faster, easier and more impactful,” said chief executive officer Mark Warne.

At 1145 BST, shares in DeepMatter Group were up 9.57% at 0.13p.

Reporting by Josh White at Sharecast.com.