Acuity RM wins expanded contract with existing customer.

Cyber-security software firm Acuity RM said it has expanded its work with an existing customer in the nuclear supply chain, securing a new three‑year contract worth more than £100,000.

Source: Sharecast

Acuity RM said on Monday that the deal will see the unnamed client migrate its on‑premises STREAM Classic system to the STREAM Classic SaaS platform, while also adding third‑party risk management capability.

The AIM-listed firm noted that the agreement includes both professional services for the migration and deployment, and a recurring subscription element.

Acuity RM added that the contract boosts recurring revenue from the customer and extends the relationship for a further three years.

Chief executive David Rajakovich said: "The decision reflects the value the customer draws from STREAM and the work the Acuity team has done in supporting them over the course of the existing engagement.

"The agreement increases the recurring revenue contribution from this customer, and the customer has indicated potential for further expansion of its use of STREAM over the life of the contract."

As of 1125 BST, Acuity RM shares were 0.81% lower at 0.92p.

Reporting by Iain Gilbert at Sharecast.com

See latest RNS at Investegate

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.