Itim Group inks 'multi-million-pound contract' with Brazilian wholesaler
itim Group
37.00p
16:55 05/07/24
Software-as-a-Service technology company Itim Group has inked a "five-year multi-million-pound contract" with Brazilian wholesaler Assaí Atacadista.
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Under the agreement, Itim will make its UNIFY solution available to Assaí to help it refine its pricing strategies and boost competitiveness.
Itim said on Thursday that the contract follows a recent announcement that Assaí would be expanding its operations across multiple regions.
The AIM-listed group added that the contract was already in line with its financial expectations for the current year.
Chief executive Ali Athar said: "We are delighted to have been selected by Assaí to help power their pricing optimisation initiatives. This is a significant endorsement of itim's product set and we look forward to working with Assaí to make this project a great success."
As of 1120 BST, ITIM shares had shot up 21.21% to 40.0p.
Reporting by Iain Gilbert at Sharecast.com