Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Eckoh Plc LSE:ECK London Ordinary Share GB0033359141 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -1.16% 42.50 41.00 44.00 43.00 42.50 43.00 118,905 15:57:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 30.5 3.5 1.1 39.0 108

Eckoh PLC Significant Cloud Contract Win

09/11/2021 7:00am

UK Regulatory (RNS & others)


Eckoh (LSE:ECK)
Historical Stock Chart


From May 2021 to May 2022

Click Here for more Eckoh Charts.

TIDMECK

RNS Number : 7106R

Eckoh PLC

09 November 2021

9th November, 2021

Eckoh plc

("Eckoh", or "the Company", or "the Group")

Significant Cloud Contract Win

- Largest ever global Secure Payments Cloud contract win

- Strong demand from leading, global brands for Eckoh's patented technology

- Minimum $1.5m value for three years; total value likely to be higher

Eckoh (AIM:ECK), the global provider of secure payment products and customer contact solutions, announces it has won a significant contract with a leading global food and drink company. The Company will provide Secure Payments services from its Cloud platforms to the new client's global contact centre operations.

The three-year contract, won following a successful competitive tender process, is worth a minimum of $1.5m in total and comes with the expectation that this will be exceeded, and that over time Eckoh has the opportunity to significantly upscale the value of the relationship. The solution will be first deployed in the US before being rolled out to as many as 28 further countries over the contract term. This contract will help support the forecast growth in the next financial year and beyond.

This is Eckoh's largest ever contract win for a Cloud solution delivered into multiple territories. We expect to see more global procurement contracts like this for Cloud delivery, as major enterprises seek to uphold rigorous security standards consistently across all of their regions.

Eckoh's payments solution, CallGuard, will be delivered using our patented tokenisation process and integrated directly with the client's payment service provider. Eckoh is unique in its ability to deploy a solution that fits around the client's existing processes, tools and environments, rather than needing the client to adapt to accommodate the solution. The contact centre agents will use Eckoh's new CallGuard Agent Control Panel to take the caller through the payment process, the panel provides intelligent assistance to the agent in their local language to ensure the process is as frictionless as possible, thereby reducing call handling time and improving customer satisfaction.

As previously highlighted, the Company continues to invest in its global Cloud platforms to capitalise on the growing market opportunity identified. This contract win underlines Eckoh's strategic vision and technical expertise in developing a market leading solution which will leverage that additional capability. The solution is expected to go live early in the next financial year and in line with other Cloud contracts will deliver higher levels of recurring revenue and margin.

Nik Philpot, Chief Executive Officer at Eckoh, commented:

"We're delighted to have been chosen to provide a critical security solution to such a well-known brand, securing our largest ever global Cloud Secure Payments win. Our success reflects three key factors. First, our expertise in delivering successful enterprise-level deployments across multiple geographies in the Cloud. Second, the reassurance we offer clients as a growing and profitable listed company, with a strong balance sheet. And thirdly, that Eckoh offers proven patented solutions.

We expect our ongoing investment in Cloud platforms, and continued innovation in our security offering, will maintain Eckoh's position as market leader in the fast-growing data and payments security market for the customer engagement industry."

For further information please contact:

 
 Eckoh plc                                       Tel: 01442 458 300 
  Nik Philpot, Chief Executive Officer 
  Chrissie Herbert, Chief Financial Officer 
  www.eckoh.com 
 FTI Consulting LLP                              Tel: 020 3727 1017 
  Ed Bridges / Jamie Ricketts / Tom Blundell 
  eckoh@fticonsulting.com 
 Singer Capital Markets (Nomad & Joint Broker)   Tel: 020 7496 3000 
  Shaun Dobson / Tom Salvesen / Alex Bond 
  / Kailey Aliyar 
  www.singercm.com 
 Canaccord Genuity Limited (Joint Broker)        Tel: 020 7523 8000 
  Simon Bridges / Andrew Potts 
  www.canaccordgenuity.com 
 

About Eckoh plc

Eckoh is a global provider of Secure Payment products and Customer Contact solutions, supporting an international client base from its offices in the UK and US.

Our Secure Payments products help our clients take payments securely from their customers through all engagement channels. The products, which include the patented CallGuard and ChatGuard, can be hosted in the Cloud or deployed on the client's site and remove sensitive personal and payment data from contact centres and IT environments. They offer merchants a simple and effective way to reduce the risk of fraud, secure sensitive data and become compliant with the Payment Card Industry Data Security Standards ("PCI DSS") and wider data security regulations. Eckoh has been a PCI DSS Level One Accredited Service Provider since 2010, securing over GBP5 billion in payments annually.

Eckoh's Customer Contact solutions enable enquiries and transactions to be performed on whatever device the customer chooses, allowing organisations to increase efficiency, lower operational costs and provide a true Omnichannel experience. We also assist organisations in transforming the way that they engage with their customers by providing support and transition services as they implement our innovative customer contact solutions.

Our large portfolio of clients come from a broad range of vertical markets and includes government departments, telecoms providers, retailers, utility providers and financial services organisations.

For more information go to www.eckoh.com or email MediaResponseUK@eckoh.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

CNTEAXFPEESFFFA

(END) Dow Jones Newswires

November 09, 2021 02:00 ET (07:00 GMT)

1 Year Eckoh Chart

1 Year Eckoh Chart

1 Month Eckoh Chart

1 Month Eckoh Chart
ADVFN Advertorial
Your Recent History
LSE
ECK
Eckoh
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220519 21:55:46