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Pelatro Plc ORD 2.5P

Pelatro Plc Win Contract worth $1.7 million

Pelatro Plc (LON:PTRO), the global precision marketing software specialist, has today announced a major contract win with a Central Asian subsidiary of a Western European Telco, which has more than 6 million customers. The contract is expected to be worth approximately $1.7 million and is the largest entered into by the Company to date. The majority of the fees are expected to be recognised in 2018. Pelatro will implement its Precision Marketing Solution mViva and will also guide the Telco in setting up a fully-fledged Customer Value Management department along with required processes.

Following this contract win, and building on the revenue visibility provided by its existing client base, the Board is confident that Pelatro will at least meet market expectations for the full year ending 31 December 2018.

The Company remains in discussions with several potential new Telco customers and will provide the market with a more detailed update on new customer progress at the time of the Company’s full year results on 1 May 2018.

Subash Menon, Managing Director of Pelatro Plc, commented: “I am delighted to announce this significant contract win with an established European Telco. 2017 was a transformational year and we have made a strong start to 2018. Our pipeline remains healthy and I look forward to updating the market on our future successes. “

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