Contract Wins Improve Visibility for 2021

RNS Number : 6962Y

Pelatro PLC

17 May 2021

 

17 May 2021

Pelatro Plc

("Pelatro" or the "Group")

Contract Wins Improve Visibility for 2021

Pelatro Plc (AIM: PTRO), the telecom Customer Engagement Hub software specialist, is pleased to announce that it has secured several contracts for change requests, adding up to approximately $300,000, that will be delivered in 2021. With these, the total value of contracts in hand representing 2021 revenue is about $6.8 million.

Commenting on this increase, Subash Menon, Managing Director and CEO said, "Given that we have clear visibility with contracts secured for $6.8 million of revenue for 2021 so early in the year, together with the momentum we are building in our business, we are looking forward to a successful outcome this year in line with expectations." 

For further information contact:

Pelatro Plc
Subash Menon, Managing Director	c/o Cenkos
Nic Hellyer, Finance Director
Cenkos Securities plc (Nominated Adviser and Broker)	[phone]
Stephen Keys / Mark Connelly (Corporate Finance)
Michael Johnson (Sales)

Notes to editors

The Pelatro Group was founded in March 2013 by Subash Menon and Sudeesh Yezhuvath with the objective of offering specialised, enterprise class software solutions for customer engagement principally to telcos who face a series of challenges including market maturity, saturation and customer churn.

Pelatro provides its "mViva" platform for use by customers in B2C and B2B applications, and is well positioned in the Customer Engagement space. Our technology orchestrates the digital journey of the customers of the telcos through contextual, relevant and real time offers and loyalty programs across multiple channels including websites, social media, apps and others.

For more information about Pelatro, visit www.pelatro.com

 

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