By Iain Gilbert
Date: Tuesday 09 Aug 2022
LONDON (ShareCast) - (Sharecast News) - Concierge platform operator Ten Lifestyle Group said on Tuesday that it has been awarded "significant technology development projects" with two existing clients.
Ten Lifestyle stated the first project, for an existing "its global client", will see the group develop and enhance Ten's proprietary digital platforms with the objective of increasing user engagement for the customer's cardholders in the Americas.
"This is expected to help grow this existing medium contract. The fee specific to this project is the equivalent of a Medium contract in the new financial year," said Ten Lifestyle.
The AIM-listed group said the second project would see it enhance the communication integration of its proprietary digital platforms and user experience, under an existing "extra large contract".
"The fee specific to this project is the equivalent of a small contract in the new financial year," added Ten.
As of 0945 BST, Ten Lifestyle shares were up 1.60% at 54.86p.
Reporting by Iain Gilbert at Sharecast.com