Crimson Tide Wins GBP1.2 Million Contract With Compass Group
March 18 2021 - 4:37AM
Dow Jones News
By Anthony O. Goriainoff
Crimson Tide PLC said Thursday that it has won a contract worth
more than 1.2 million pounds ($1.7 million) with Compass Group
PLC.
The mobile business solutions company said the subscription
contract is for a minimum 36-month period, and that it represents a
significant increase in the scale of its mpro5 software platform
usage by the client.
London-listed Crimson Tide said the client will be using the
mpro5 platform to ensure compliance across a broad range of U.K.
customer and legislative requirements including brand standards,
service quality, health and safety and food safety and allergen
controls.
"Whilst we have maintained a diverse range of smaller contracts
with Compass Group for some time, this contract, to ensure
compliance across its food services, is a significant demonstration
of the ability of mpro5 to cover a wide range of processes and the
Company's ability to broaden its reach within existing customers
and enhance value over time," Chairman Barrie Whipp said.
Shares at 0850 GMT were up 0.05 pence, or 1.5%, at 3.35
pence.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
March 18, 2021 05:22 ET (09:22 GMT)
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