27th Jan 2014 09:20
LONDON (Alliance News) - ServicePower Technologies PLC said Monday it won two contract extensions for a total of USD750,000 with two existing customers.
The software systems company said that both contracts were signed at the end of 2013, and revenues would be recognised in the current year and beyond.
Both clients, a US home-repair and installation-services company and a US-based personal lines insurer, both extended their contract to include the company's ServiceStat's software. The ServiceStat software is used to store data for real time access and analysis. ServicePower didn't name the two customers.
Shares in ServicePower Technologies were trading up 0.7% at 6.55 pence Monday morning, after jumping 9.1% to 7.09 pence at the open.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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