Crimson Tide wins contract with UK retailer

Writer,

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Business performance app provider Crimson Tide said it had secured contract with a 'leading' UK retailer.

The contracted revenue was for a minimum of £1.4m over its 36-month term.

The company's mpro5 platform would now be used in nearly 4,000 retail locations across the UK and Ireland alone, with international expansion potential.

A previous, smaller contract with the client containing hardware had reached its term and is was included on a SaaS only basis within this new contract.

At 1:59pm: (LON:TIDE) Crimson Tide PLC share price was +0.3p at 2.55p