Ingenta secures three new customers for publishing platform

The AIM-traded firm said the contracts each had an initial three-year term, with total combined fees of more than $0.75m, with the option to extend at the clients' discretion.

Two of the implementations would go live in 2020, as the company had previously announced, and included a “major global INGO content library” and a “brand-new UK clean energy knowledge database”.

The third and newest contract was with Research4Life, which provides institutions in lower income countries with online access to academic and professional peer-reviewed content.

“One of our focuses for 2020 has been to support clients who need to increase and support their global reach and business growth in these unprecedented times by utilizing digitised solutions, and I am pleased to offer a solution that supports many different business models,” said chief executive officer Scott Winner.

At 1007 GMT, shares in Ingenta were up 6.04% at 86.95p.