Eckoh secures six 'sizeable' UK contract wins

AIM-listed Eckoh, a provider of secure payment products, has secured six "sizeable" UK contract wins across the payments, insurance, healthcare and mobile telecoms sectors, the latter being a contract with one of the UK's largest mobile network operators.

The group had indicated at its interim results that the restructuring of its UK sales function would allow a greater focus on larger strategic accounts and it argued on Monday that the contract wins indicate that it has begun to see the positive impact of this initiative.

Chief executive officer Nik Philpot said: "We are very pleased with the recent progress we have made in the UK, with strong demand for both our secure payments offering and our customer contact solutions. Having committed the time and resource to restructure our UK sales function to focus on larger, more strategic accounts, the contracts won are a welcome validation of our strategy."

At 1230 GMT, the shares were up 3.3% to 42.10p.