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Checkit inks 'significant expansion' to contract with UK client
(Sharecast News) - Monitoring platform operator Checkit has secured a "significant expansion" with an existing UK-based customer. 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
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