Contract Wins and Renewals Update

RNS Number : 8905I

Eckoh PLC

31 March 2015

 



For immediate release

31st March 2015

Eckoh PLC

("Eckoh")

Contract Wins and Renewals Update

Strong secure payment contract conversion in Q4

Eckoh (AIM:ECK), the global provider of secure payment products and customer service solutions, is delighted to announce a number of new contract wins for its secure payment solutions.

Eckoh has performed particularly strongly in the final quarter of the fiscal year, successfully winning six new multi-year contracts in the insurance, retail, leisure and public sectors, as well as additional contracts with two existing utility customers. These deals demonstrate the strong and growing demand for our PCI DSS compliant payment solutions. Eckoh offers the broadest range of secure phone payment solutions in the market and these wins are testament to the strength and flexibility of our products, underpinning our growing dominance in this sector. The new contracts will start to generate revenue in the new financial year supporting current growth expectations.

We also continue to make good progress in the US where we recently secured a contract with one of the largest healthcare providers in the Southern Indiana, South-eastern Illinois and Western Kentucky regions for our CallGuard On-Site product. Our sales pipeline continues to grow and our target market will be extended further when we unveil our new ecommerce payments solution at the Card Not Present Expo in May, alongside our exclusive reseller West.

Since our interim results in November we have also successfully renewed 100% of the contracts that have come up for renewal, representing eight agreements in total.

Nik Philpot, CEO at Eckoh, commented, "We have had a strong finish to the year and it is very pleasing to see that the acceleration in sales wins is not undermining our ability to successfully service our existing clients, again delivering 100% continuity of historic contracts. Momentum for our secure payment solutions continues to build in both the UK and the US, with our sales pipelines in both markets remaining at an excellent level and positioning us strongly for further growth into the new financial year."

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For more information, please contact:

Eckoh plc

Nik Philpot, Chief Executive Officer                                                                       Tel: [phone]

Adam Moloney, Group Finance Director

www.eckoh.com

N+1 Singer

Shaun Dobson                                                                                                                  Tel: [phone]

Ben Wright

www.n1singer.com

Buchanan

Sophie McNulty

Gabriella Clinkard                                                                                                           Tel: [phone]

www.buchanan.uk.com

About Eckoh plc

Eckoh is a global provider of secure payment products and customer service solutions, working with organisations in over 10 countries around the world.

Our range of secure payment products removes customer card data from contact centres and IT environments. They are designed to help merchants reduce the risk of fraud and become compliant with the Payment Card Industry Data Security Standards (PCI DSS). Eckoh's CallGuard product can be deployed on the customer's site or hosted in the Cloud. It allows contact centres to take card payments from customers without their agents seeing, hearing or accessing card data in any way. We have been a PCI DSS Level One accredited Service Provider since 2010 and we currently process over $1 billion in card payments annually.

Eckoh's customer service solutions enable payments, transactions and enquiries to be processed without the caller needing to talk to a contact centre agent. This significantly reduces our clients' costs, whilst freeing up their agents to deal with more complex enquiries. These solutions are delivered over the phone, web and mobile devices. Eckoh is the largest provider of such hosted services in the UK.

For more information, visit: www.eckoh.com or www.eckoh.us

 

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