Eckoh secures five-year extension to Capita contract
By Iain Gilbert
Date: Thursday 13 Aug 2020
(Sharecast News) - Secure payments group Eckoh has secured a six-year renewal to its contract with Capita for the provision of services for the Congestion Charge to Transport for London.
Eckoh said on Thursday that the extension to its existing five-year contract would see it deliver an expanded remit for the Congestion Charge service, providing customer contact centre solutions alongside the existing PCI DSS compliant Secure Payments service.
The AIM-listed group added that the extension came to a total contract value of £4.0m.
Chief executive Nik Philpot said: "We are delighted to have secured such a significant, valuable and long-term contract extension for TfL through Capita, who remain a key strategic partner and whose relationship continues to play a pivotal role in the growth of our business.
"The renewal of our contract and scale of the deal gives us great confidence in the opportunities for Eckoh going forwards."
As of 1010 BST, Eckoh shares were up 7.52% at 67.74p.
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