Checkit inks 'significant expansion' to contract with UK client
Checkit
24.67p
12:24 04/07/24
Monitoring platform operator Checkit has secured a "significant expansion" with an existing UK-based customer.
FTSE AIM All-Share
770.30
12:55 04/07/24
Software & Computer Services
2,525.84
12:54 04/07/24
Checkit said on Tuesday that it had inked a new contract with "an integrated energy company" that will see it provide real-time operations management capabilities to 150 additional franchises across Britain.
The AIM-listed firm stated the sites would be installed in tranches over the duration of the 32-month contract, which was worth roughly £250,000 per annum.
Checkit added that it was "hopeful" of scoring similar contracts with the customer going forward.
Chief executive Kit Kyte said: "This latest win continues to validate out 'land and expand' strategy and demonstrates continued momentum in the UK. I am delighted to continue to expand our relationship with this strategic customer and I am excited by the opportunities for further expansion globally."
As of 0915 BST, Checkit shares were up 0.45% at 24.61p.
Reporting by Iain Gilbert at Sharecast.com