Vipera plc (LON:VIP) CEO Marco Casartelli talks to DirectorsTalk about a significant contract win. Marco tells us more about the deal, how much its worth for Vipera, additional services and functionality being provided and how 2017 progressing for the company so far.
This new contract is worth an initial US$2.4 million of revenue to the company as the project is delivered over the next 15 months. A five year programme of support and enhancements, is expected to be entered into, which it is anticipated will deliver an additional US$2.0 million of revenue to Vipera. This contract, combined with other customer rollouts, brings Group committed revenue at the end of Q1 to €7.0 million (Q116 €5.0 million). In addition to this the Company remains focused on executing on its pipeline which is in excess of €8.0 million.
Vipera Plc is a cutting edge Mobile Financial Services and Digital Customer Engagement Solutions provider, serves financial institutions and retailers worldwide with differentiated mobile banking, card management and customer engagement capabilities based around its proprietary bank grade multi-purpose platform, Motif. Additionally, it provides consultancy and other services to banks and financial institutions.