Eagle Eye Solutions Wins Tech Services Contract From J Sainsbury
May 10 2018 - 4:13AM
Dow Jones News
By Maryam Cockar
Eagle Eye Solutions Group PLC (EYE.LN) said Thursday that it has
won a contract with J Sainsbury PLC (SBRY.LN) to provide technology
services for the supermarket chain's customer-reward scheme.
The software services company said it will deploy its so-called
digital wallet function to let Sainsbury's customers choose
personalized offers they want to earn Nectar points on using either
the new Nectar app or website.
The new Nectar trial that runs on Eagle Eye's AIR platform went
live on April 12 in the Isle of Wight, ahead of a potential rollout
across the U.K., the company said.
Eagle Eye expects revenue from the contract, which runs until
August 2021, to move from professional services fees to
transactional fees as customers use their personalized offers.
This contract is in addition to the five-year contract Eagle Eye
signed in 2015 for omni-channel coupons with the FTSE 100-listed
grocer.
At 0742 GMT, Eagle Eye shares were up 7.4% at 202.50 pence.
Write to Maryam Cockar at maryam.cockar@dowjones.com
(END) Dow Jones Newswires
May 10, 2018 03:58 ET (07:58 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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