TIDMPTRO

RNS Number : 4129B

Pelatro PLC

02 June 2023

2 June 2023

Pelatro Plc

("Pelatro" or the "Group")

Contract Win

Pelatro Plc (AIM: PTRO), the Customer Engagement Hub software specialist for enterprises, is pleased to announce that it has been awarded a large contract for campaign management solution by a Middle East telco with operations in multiple countries. Pelatro had won a contract from one of its operations last year and has now successfully expanded the relationship to three more countries. The overall contract delivers recurring revenue of c. $650,000 p.a.

Commenting on this win, Subash Menon, Managing Director and CEO said, "We are excited with this large recurring revenue contract which increases our ARR by a significant amount. As is the case with this contract, all material contracts in our pipeline are also recurring in nature."

For further information contact:

 
 Pelatro Plc                                              c/o finnCap 
 Subash Menon, Managing Director 
 Nic Hellyer, Chief Financial Officer 
 
 finnCap Limited (Nominated Adviser and Joint          Tel: +44 (0)20 
  Broker)                                                   7220 0500 
 Carl Holmes / Milesh Hindocha (Corporate Finance) 
 
 Dowgate Capital Limited (Joint Broker)                Tel: +44 (0)20 
                                                            3903 7715 
 Stephen Norcross

Notes to editors

The Pelatro Group was founded in March 2013 by Subash Menon and Sudeesh Yezhuvath with the objective of offering specialised, enterprise class software solutions for customer engagement principally to telcos who face a series of challenges including market maturity, saturation and customer churn.

Pelatro provides its "mViva" platform for use by customers in B2C and B2B applications and is well positioned in the Customer Engagement space. Our technology orchestrates the digital journey of the customers of the telcos through contextual, relevant and real time offers and loyalty programs across multiple channels including websites, social media, apps and others.

For more information about Pelatro, visit www.pelatro.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

CNTSSLFMFEDSEDM

(END) Dow Jones Newswires

June 02, 2023 02:00 ET (06:00 GMT)

Pelatro (LSE:PTRO)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Pelatro Charts.
Pelatro (LSE:PTRO)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Pelatro Charts.