Aptitude Software secures £1.2m contract with US client

Financial software specialist Aptitude Software announced a significant contract win on Thursday.

The London-listed firm said it had secured a contract with a leading US-based interactive entertainment provider for its next-generation finance platform, Fynapse.

It said the agreement would span five years, starting in March, with a total software contract value of £1.3m.

The win would contribute to Aptitude's expanding annual recurring revenue base.

"Securing a new client in the digital entertainment industry demonstrates Fynapse's applicability into broader markets, providing another powerful endorsement of the platform alongside our US telco charter client," said chief executive officer Alex Curran.

"We continue to see growing momentum for Fynapse across both new business opportunities and existing clients, including encouraging engagement from our partners.

"It is exciting to see the implementation of the new strategy working and we remain confident in Fynapse's ability to be an accelerator of the group's future growth."

At 1122 GMT, shares in Aptitude Software Group were up 4.27% at 294.05p.

Reporting by Josh White for Sharecast.com.