Brief: Enea Signs Mobile Messaging Security Contract Worth $5.9 Million

Enea AB

12/08/2022 10:32

Aug 12 (Reuters) - Enea AB  ENEA.ST :
    * ENEA SIGNS MOBILE MESSAGING SECURITY CONTRACT WORTH USD
5.9
MILLION
    * HAS SIGNED A THREE-YEAR EXPANSION AGREEMENT FOR MOBILE
MESSAGING
SECURITY WITH A NORTH AMERICAN COMMUNICATION
PLATFORM-AS-A-SERVICE (CPAAS) PROVIDER
    * NEW AGREEMENT GENERATES AN INCREASE IN RECURRING REVENUES
OF USD
2.4 MILLION DURING CONTRACT PERIOD
    * SOFTWARE LICENSES WORTH USD 1.8 MILLION ARE RECOGNIZED IN
Q3 OF
2022, WHILE REMAINING REVENUES WILL BE RECOGNIZED OVER FULL
CONTRACT PERIOD

Source text for Eikon:  ID:nMFN6wWRXJ 
Further company coverage:  ENEA.ST 

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