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LONDON (Alliance News) - Software company Craneware PLC said Monday that it had signed a contract with a large hospital group in the US worth USD3.8 million over seven years.
Although the contract will begin in 2014, Craneware noted that it will begin seeing revenue from the contract from 2015 onwards.
Under the contract Craneware will supply its Chargemaster Corporate Toolkit software and related products to the hospital group, which it didn't name, for the management of operating expenses.
The company noted that the contract was a competitive win, replacing the incumbent provider.
Shares in Craneware were trading up 2.4% at 525.00 pence Monday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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