Pelatro PLC Contract Win (5190C)

TIDMPTRO

RNS Number : 5190C

Pelatro PLC

18 June 2019

Pelatro Plc

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

Contract Win

Pelatro Plc (AIM: PTRO), the global Multichannel Marketing Hub software specialist, announces that the Company has been selected by a large telco in Asia to implement its Contextual Marketing Platform, on a license fee model. Furthermore, the Company continues to contract for significant Change Requests. The collective value of the new contract and recent Change Requests is about US$1.5 million.

This latest contract win further strengthens the Company's client base, which now stands at 18 clients across 17 countries. providing further earnings growth and additional cross selling opportunities.

Commenting on this contract win, Subash Menon, Managing Director & CEO of Pelatro said: "We are delighted with the continued strong progress that the Company is making as it converts its healthy pipeline of new opportunities. Importantly, in addition to adding new clients we are benefiting from increasing levels of repeat business and cross selling opportunities from existing clients, underpinning the Board's confidence in trading as we close the first half of the year."

For further information contact:

 
 Pelatro Plc 
 Subash Menon, Managing Director & CEO                    c/o Walbrook PR 
 Nic Hellyer, Finance Director 
 
 finnCap Limited (Nominated Adviser and 
  Broker)                                             [phone] 
 Carl Holmes / Kate Bannatyne/Matthew Radley 
 
 Walbrook PR Advisors                                 [phone] 
 Paul Cornelius / Nick Rome                     Or [e-mail] 
 

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

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 applications, and is well positioned in the Multichannel Marketing Hub space (MMH) - this is technology that orchestrates a customer's communications and offers to customer segments across multiple channels to include websites, social media, apps, SMS, USSD and others.

For more information about Pelatro, visit www.pelatro.com

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June 18, 2019 02:00 ET (06:00 GMT)