Celebrus strikes four software contract deals
By Josh White
Date: Monday 08 Jan 2024
(Sharecast News) - Data solutions provider Celebrus Technologies announced multiple software contract wins for the December quarter on Monday.
The AIM-traded firm said the first contract was a three-year agreement with a new client, a prominent European retailer specialising in experience gifts.
It said the client would use its product through Celebrus Cloud, the company's hosted service, to enhance customer engagement, create compliant marketing profiles, and improve customer experiences.
The contract was secured through Celebrus' direct sales channel.
Celebrus said the second contract involved an existing global top-ten banking customer, which had renewed its multi-million-dollar annual licence for an additional three years.
The renewal incorporated an increase in Celebrus session volumes and a 19% rise in annual recurring revenue (ARR) compared to the original contract.
It said the extension also included integrating new features such as Cross-Domain Continuance, CX Vault, and the Tableau Workbook.
The third contract was with a UK bank using a limited, bespoke version of Celebrus that was no longer supported.
It said the bank signed a three-year, multi-million-dollar contract to use the Celebrus platform, enabling comprehensive functionality across web and mobile applications for digital identity verification and personalisation.
The fourth contract represented a new customer in the US healthcare sector, secured through Celebrus' direct sales channel.
Celebrus said the three-year agreement also included hosting in Celebrus Cloud and would further establish it in the healthcare sector.
The client planned to use Celebrus' data model to establish a compliant digital patient data identity, enhancing patient experiences while navigating the provider's digital platforms.
Celebrus said the recent contract wins and the new US banking customer mentioned in its half-year results in November highlighted the positive outcomes resulting from Celebrus' ongoing investments in product development, customer success, and a direct sales channel.
The board said it was confident in achieving full-year market expectations and continuing to drive growth in ARR across a wide range of industry sectors.
"We've talked quite a bit about change, investment, and our new approach to the business in a very short period of time," said chief executive officer Bill Bruno.
"The team has worked diligently on our new vision, and we are thrilled to see these wins getting over the line.
"I'm extremely proud of what the team has accomplished and look forward to more of the same as we continue to drive this business forward in our mission to improve the relationships between brands and consumers via better data."
At 1553 GMT, shares in Celebrus Technologies were up 9.74% at 235.95p.
Reporting by Josh White for Sharecast.com.
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