Artilium PLC Contract extension (0562C)
January 13 2015 - 9:50AM
UK Regulatory
TIDMARTA
RNS Number : 0562C
Artilium PLC
13 January 2015
Artilium plc
('Artilium' or the 'Company')
Contract extension with Base Company
Artilium plc (LSE/AIM: ARTA), the AIM quoted provider of
innovative telecommunication software and solutions is pleased to
announce that it has extended its largest existing contract with
Base Company.
The current contract will be extended for an additional year
until December 2017. The value of the contract, based on the
expected amount of active subscribers on the platform deployed, is
expected to be approximately EUR2 million per annum.
Base Company has decided, given the nature of the partnership,
to make a commitment to Artilium for the services it is due to
receive over the next three years. As a result, Artilium will
receive a cash payment each January during the contract period of
approximately EUR1.7 million which will be recognised in equal
installments over each 12 month period.
As a result of this contract extension, Artilium will continue
to deliver the ARTA Platform (already implemented at Base Company)
and the managed services for this platform going forward.
Bart Weijermars, CEO of Artilium, commented: "We are very
pleased to have agreed this contract extension with Base Company,
our largest client. I believe it reflects well on the work we have
done together since 2004 and we look forward to working closely
together in the future. It underlines the stability and quality of
our offering as well as the flexibility of our platform and its
ability to support the continuously changing demands of our
customers".
For further information please contact:
Artilium PLC: +32 (0)50230300
Bart Weijermars - Chief
Executive Officer
finnCap Ltd
Stuart Andrews
Scott Mathieson
Joanna Weaving (corporate
broking) +44 20 7220 0500
About Artilium
Artilium is a demonstrated leader in the development of next
generation communication technologies. Artilium's strategy focuses
on supporting its customers to successfully grow their business by
providing flexible, cost effective and innovative solutions.
Artilium's innovation-driven strategy empowers telecom operators
around the globe to face the tremendous challenges ahead. We
combine next-generation technology with traditional telecom
environments to create exciting new business opportunities for our
customers. This ensures that our customers are able to keep up with
rapidly evolving market demands while simultaneously growing their
businesses.
ARTA(R) is the real-time Authentication, Authorization and
Accounting (AAA) software that brings a full suite of new
functionalities to telecom Operators and virtual Operators. Thanks
to ARTA(R) value-added services portfolio, including for instance
AAA of voice, text and data services, VoIP, 3G and 4G compliance,
mobile payments and location-based services, our partners are more
than ready to meet future customer needs.
Today, multiple renowned national and international
telecommunication companies rely on Artilium to deliver voice, text
and data services to about 1.5 Million end users every day.
Artilium's "Pay-As-You-Grow" model allows us to scale our
solutions to the exact needs of our customers. As a latest
innovation, Artilium offers its product suite from the Cloud as a
PAAS (Platform As A Service), yielding ARTA's scalability,
flexibility and proven stability.
Artilium PLC is a publicly listed software company on the London
Stock Exchange (LSE/AIM: ARTA).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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