PCI-PAL wins contract with global automotive repair company
Shares in PCI-PAL surged on Wednesday after the contact centre solutions provider announced it had won a contract with an automotive repair company.
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The AIM-listed company will provide its technology and services to help solve the customer's mandatory payment card industry requirement, initially in one country and for not less than three years.
The contract is worth in excess of £120,000 per year and the company expects to make further deployments with the customer in the the future.
The customer has €3bn in turnover, operates in over 30 countries and five continents, and has over 25,000 employees worldwide.
Chief executive William Catchpole said: "We are delighted to be working with this significant global customer … and look forward to the opportunity to roll out our PCI-compliant solutions to additional territories where this customer operates contact centres.
"This is the third significant international contract that we have recently won, illustrating the strong momentum in the business, the global appeal of our technology, and expanding geographic reach of our sales channels. These new customer deployments will significantly contribute to our international growth plans and represent a compelling endorsement of our technology."
Shares in PCI-PAL were up 8.24% to 46p at 0938 BST.