Pelatro PLC – Contract Win

Pelatro Plc (AIM: PTRO), the global Multichannel Marketing Hub software specialist, announces that the Company has been selected by a large telco in Asia to implement its Contextual Marketing Platform, on a license fee model. Furthermore, the Company continues to contract for significant Change Requests. The collective value of the new contract and recent Change Requests is about US$1.5 million.

This latest contract win further strengthens the Company’s client base, which now stands at 18 clients across 17countries. providing further earnings growth and additional cross selling opportunities.

Commenting on this contract win, Subash Menon, Managing Director & CEO of Pelatro said: “We are delighted with the continued strong progress that the Company is making as it converts its healthy pipeline of new opportunities. Importantly, in addition to adding new clients we are benefiting from increasing levels of repeat business and cross selling opportunities from existing clients, underpinning the Board’s confidence in trading as we close the first half of the year.”