REG - Pelatro PLC - Contract Win

PelatroAnnouncement

02/06/2023 07:00

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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 Broker)      Tel: +44 (0)20 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
(http://www.pelatro.com/)

 

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