IN BRIEF: Crimson Tide secures contract extension from Cadent Gas
Crimson Tide PLC - field management software provider - Announces that it has agreed a 12-month uplifted extension to its contract with Cadent Gas Ltd, the UK's largest gas distribution network. The extension takes the contract through to the end of September 2027 and represents annual recurring revenue of GBP486,000, an increase of 4% from the previous contract. Cadent is a longstanding customer of Crimson Tide and has integrated the mpro5 software platform into its day-to-day operational and compliance workflows. "The renewal is further evidence of the company's customer retention strategy, which continues to secure and extend agreements with a number of the group's largest customers," Crimson says. Chief Executive Jon Clarke comments: "Securing extensions of this scale with our largest customers is central to our retention strategy and provides a strong, recurring foundation for future growth." Read More