LONDON (Alliance News) - Eckoh PLC Monday said it has secured two new three-year contracts in the past couple of months, while three significant clients have renewed their existing contracts, marking an acceleration in sales during the current financial year.
The provider of secure payment and customer service platforms said the first new contract is with an international telecoms provider. Eckoh will manage its customers globally, allowing payments in multiple currencies and languages.
The second contract, won after a competitive tender, is with a payment service provider. Eckoh will deploy a range of self-service applications so more customers can serve themselves, as we as providing contact centre services.
It expects both contracts to go live before the end of March.
The renewals include a contract, one of its largest, until 2015 with a transport company, as well as a three-year renewal with a UK utility company and a five-year renewal with another utility company, Utilita.
"We are once again experiencing our traditional acceleration in sales activity in the second half of the financial year and we anticipate further new contract momentum before the end of the period," Eckoh Chief Executive Nik Philpot said in a statement.
"These latest renewals take the total number to 12 this year, more than 20% of Eckoh's entire portfolio of customers. Our sales pipeline remains very strong and we would expect the growth in the business to continue, keeping us firmly in line with market expectations," he added.
Eckoh shares were up 7.2% at 33.5 pence early Monday.
By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1
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Eckoh Technologies (ECK)