Checkit inks 'significant expansion' to contract with UK client.

Monitoring platform operator Checkit has secured a "significant expansion" with an existing UK-based customer.

Checkit
02 July 2024 09:17:12

Source: Sharecast

Checkit said on Tuesday that it had inked a new contract with "an integrated energy company" that will see it provide real-time operations management capabilities to 150 additional franchises across Britain.

The AIM-listed firm stated the sites would be installed in tranches over the duration of the 32-month contract, which was worth roughly £250,000 per annum.

Checkit added that it was "hopeful" of scoring similar contracts with the customer going forward.

Chief executive Kit Kyte said: "This latest win continues to validate out 'land and expand' strategy and demonstrates continued momentum in the UK. I am delighted to continue to expand our relationship with this strategic customer and I am excited by the opportunities for further expansion globally."

As of 0915 BST, Checkit shares were up 0.45% at 24.61p.

Reporting by Iain Gilbert at Sharecast.com

N/A

ISIN: N/A

Exchange: N/A

Sell:

N/A

Buy:

N/A

Change:

Date:

Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.