LONDON (ShareCast) - (Sharecast News) - Technology and software group KRM22 has secured a major customer contract for a suite of the company's risk management products.

KRM22 said on Monday that it had signed a four-year contract deal with a UK brokerage firm, worth £1.2m and covering "a wide range" of its products delivered via the group's Global Risk Platform.

The AIM-listed firm said the deal increased annual recurring revenues by £300,000, with undisputed ARR now sitting at £4.3m.

Chairman Keith Todd said: "This is an important contract for us and the customer. It demonstrates the value of the Global Risk Platform integration of our offerings to help reduce cost and complexity for customers.

"The broker is able to have access to leading-edge tools from one portal helping to cost-effectively manage the growth in its business."

As of 1010 BST, KRM22 shares were up 2.50% at 30.75p.

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE