# KRM22 plc announce contract extension with existing Risk Cockpit customer

- Link: https://www.directorstalkinterviews.com/krm22-plc-announce-contract-extension-with-existing-risk-cockpit-customer/4121013394
- Published: 2021-07-30T07:11:26+01:00
- Author: Giles

**KRM22 plc** ([LON:KRM](https://www.directorstalkinterviews.com/company/krm22-plc/krm.l)),
the technology and software investment company, with a particular focus on risk 
management in capital markets, has announced a contract extension with an existing
Risk Cockpit customer.

Further to the Company’s trading update of 22 July 2021, the Company has signed 
a three-year contract extension with a tier one customer, with Annual Recurring 
Revenue (“ARR”) of £0.4m per year, an increase in existing ARR of £0.15m per year.
In addition to the immediate increase in ARR, the contract includes an option to
increase ARR further by up to £0.2m by March 2022.

> **Keith Todd CBE, Executive Chairman and CEO at KRM22 commented **: “I’m pleased
> that we can announce this contract signature.  As stated in the trading update,
> the precise timing of contract signature is uncertain however we expect further
> contract signatures in the near future.  The contract extension for a further 
> three years is endorsement of our Risk Cockpit product applied to operational 
> risk management.”

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