5th Jul 2016 07:30
LONDON (Alliance News) - IT-as-a-service firm adept4 PLC on Tuesday said it has agreed a new contract with an unnamed existing customer worth in excess of GBP6.0 million.
The contract will run to May 2026 and is an extension of an existing deal between the companies signed in September 2014. Since the original deal was signed, the scope of services adept4 provides has expanded and monthly charges had risen above the minimum level set in the contract.
As a result, the pair replaced this deal with a new contract, covering a range of services including IT helpdesk user support, cloud services and data connectivity.
"We are delighted to be able to announce this new contract with an existing customer. It demonstrates the group's ability to grow profitable, long-term relationships, which benefit both parties and reflect the high level of service we deliver to our customers," said adept4 Executive Chairman Gavin Lyons.
Adept4 was formerly known as Pinnacle Technology Group PLC, with the latter changing its name in May following the acquisition of adept4 Ltd.
Shares in adept4 were up 9.6% on the news to 7.4 pence Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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