Mobile Streams signs 'major contract' with Quanta Media

Data intelligence company Mobile Streams said on Thursday that it had signed a "major contract" with Quanta Media for the use of its Streams data platform.

Mobile Streams stated the deal was worth up to £480,000 over four years, with a minimum of £10,000 per month for at least a year, growing monthly Streams revenue from April to an estimated £25,000 per month, an increase of 178% since December.

In addition to enterprise-level access to the Streams data platform, the AIM-listed group said the partnership had also identified opportunities to generate "significant potential additional revenue" from its MOS legacy business.

"QMGH has deep expertise in the direct carrier billing market, and a number of possible opportunities for growing the MOS mobile gaming business and driving greater revenue from legacy MOS IP, including the mobilegaming.com domain that MOS owns, are under discussion," said Mobile Streams.

Non-executive director Nigel Burton said: "We are extremely pleased to be able to announce this major contract. It's a great win for the Streams data business which has shown exceptional growth since the start for the year.

"In addition, we feel there is substantial scope to grow our partnership with QMGH to drive additional revenue from our legacy business assets."

As of 0945 GMT, Mobile Streams shares had surged 33.91% to 0.31p.