REG - Pelatro PLC - Contract Win

PelatroAnnouncement

10/08/2022 07:00

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RNS Number : 4303V  Pelatro PLC  10 August 2022

10 Aug 2022

Pelatro Plc

 

("Pelatro" or the "Group")

 

Contract Win

 

 

Pelatro Plc (AIM: PTRO), the enterprise Customer Engagement Hub software
specialist, is pleased to announce that it has been selected by a Middle East
telco (part of a wider international group) to provide its mViva Campaign
Management and Loyalty Management Solutions. The initial value of the license
contract is around $1 million (payable over 3 years). With this win, revenue
visibility for 2022 stands at around $8 million.

 

Subash Menon, Managing Director and CEO commented, "This win marks the entry
of Pelatro into a new telco group with operations in multiple countries. We
are confident of leveraging this win to expand within this group in the coming
years. Further, this is the first win for us in the Middle East and will help
us spread in that lucrative market."

 

For further information contact:

 

 Pelatro Plc
 Subash Menon, Managing Director                                   c/o finnCap
 Nic Hellyer, Chief Financial Officer

 finnCap Limited (Nominated Adviser and joint broker to Pelatro)   +44 (0)20 7220 0500
 Carl Holmes/Milesh Hindocha (Corporate Finance)

 Dowgate Capital Limited (joint broker)                            +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 to enterprises 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
enterprises 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

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