ServicePower Technologies PLC Existing Client Extends Contract

TIDMSVR

ServicePower Technologies PLC

17 August 2016

17 August 2016

ServicePower Technologies Plc

("ServicePower" or the "Company")

North American Consumer Products Manufacturer Extends Contract

Increases licensing of ServiceMobility

Upgrades and migrates ServiceScheduling

ServicePower Technologies Plc (AIM: SVR), a market leader in mobile workforce management software, today announces that it has signed a contract extension with a North American Consumer Products Manufacturer worth approximately $1,500,000 over a new two year period.

The manufacturer is a long time ServicePower client which utilizes ServiceScheduling, ServiceOperations and ServiceStats to deliver services under warranty, out of warranty and under service contract.

In this latest contract extension, the client will migrate its ServiceScheduling instance from an on premise deployment to a hosted deployment manged by ServicePower within its AWS model, to take advantage of cost savings as well as improved upgrade frequency and compliance.

This contract also includes the expansion of the Client's ServiceMobility deployment to a thousand licences, in the North American market, enabling it to sunset its existing mobile platform. The existing application supported numerous processes including mobile dispatch, job status collection, parts catalogues and payment processing. ServiceMobility enables the client to expand its field based processes, based on the product's core functionality and configurability, as ServicePower also undertakes a series of custom configurations to meet its unique requirements and expands its device deployment options as its device strategy evolves.

Marne Martin, CEO, ServicePower, stated "Our innovative ServiceMobility product was proven by our long term client partner to fit its unique requirements over the past several months. On the back of that success, it confirmed its confidence in the ServicePower mobile workforce management software platform by expanding its contract with additional licenses, custom development and a migration to our hosted AWS infrastructure for ServiceScheduling.

Our goal with any client is to provide a platform on which the client's evolving mobile workforce strategy can succeed. In this particular case, the client continues to demonstrate its confidence in our team and in our products to serve as the platform on which, in this case, its field service operations, across both an employed and contracted network, are based.

We look forward to continuing our relationship and in our client's continued success as it brings on new customers and new smart technologies."

For further information, please contact:

 
 ServicePower Technologies   FinnCap                Newgate Threadneedle 
  Plc 
 Tel: [phone]          Tel: [phone]          Tel: [phone] 
                              0500                   9850 
 Marne Martin, CEO           Jonny Franklin-Adams   Adam Lloyd 
 Simon Evans, CFO            Emily Watts            Helena Bogle 
                              Kate Bannatyne 
 

About ServicePower

ServicePower, the acknowledged leader in Optimization Technology, provides an innovative global, mobile workforce management software platform used by organizations with mobile workers to maximize productivity and efficiency, intelligently schedule appointments, SLA and complex jobs, as well as parts. Our platform focuses on solving fundamental field service problems with patented routing optimization, M2M connected services, contractor and warranty management, cutting edge enterprise mobile and business management technology, robust business intelligence and asset tracking.

ServicePower is listed on the AIM market of the London Stock Exchange with the ticker SVR.L. For more information please visit http://www.servicepower.com/

This information is provided by RNS

The company news service from the London Stock Exchange

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August 17, 2016 04:00 ET (08:00 GMT)