4th Oct 2019 08:58
(Alliance News) - Big Sofa Technologies Group PLC on Friday said it has signed a new agreement with two divisions of Ipsos Group SA for an annual minimum purchase commitment totalling USD300,000.
The video analytics provider said this initial 12-month minimum purchase commitment will grant the Ipsos companies access to Big Sofa's proprietary platform and core technical services on a fully integrated basis.
The company said it has worked closely with Ipsos - a market research & consulting firm - since 2017, with Ipsos becoming a significant shareholder in Big Sofa in 2018.
"This minimum purchase agreement deepens a mutually beneficial partnership. Strengthening our integration with Ipsos is part of Big Sofa's strategic roadmap which includes the launch of jointly developed products and embedding Big Sofa in Ipsos' workflows and processes," said Chief Executive Kirsty Fuller.
Big Sofa shares were trading 0.9% lower on Friday in London at 4.31 pence each.
By Evelina Grecenko; [email protected]
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