16th Oct 2020 19:16
Arcontech Group PLC - real-time financial market data product and service provider - Signs a new agreement with a longstanding tier 1 bank client. The agreement, Arcontech says, relates to the migration of the client from Windows to Linux and to upgrade its systems to Arcontech's new graphical user interface and monitoring functionality for the client's multi-vendor contribution system. The additional recurring revenue will be about GBP100,000 per annum.
CEO Matthew Jeffs says: "We are very happy to enter a new phase of providing contribution software for this client based on the Red Hat Linux operating system. The majority of our clients now use Linux which brings benefits of consistency with other systems the bank has usually deployed."
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By Paul McGowan; [email protected]
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