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Ingenta plc announced on 19 July 2024 that it has won three additional contracts. Two follow-on contracts from existing customers in its Content division have an aggregate value exceeding £500K, payable for works completed between three and five years. A new three-year project in the Commercial division has a contract value of £1.4m over three years.
| Date | 19 Jul 2024 |
| Time | 10:36:42 |
| Category | Miscellaneous |
| ID | 0204X |
19 July 2024
Ingenta plc
("Ingenta" or the "Company")
New business wins
Ingenta plc (AIM: ING), a leading provider of software and services to the global publishing industry, is pleased to announce it has won three additional contracts across its Content and Commercial divisions. Within the Content division, the Company has won two follow-on contracts from existing customers, expanding the Edify business. These multiyear deals have a contract value, in aggregate, of more than £500K payable for works completed between three and five years. Within the Commercial division, the Company has also commenced work on a new three-year project to migrate, host and support an existing customer's Vista deployment onto our dedicated infrastructure. The contract value for this project is £1.4m over three years.
Scott Winner, CEO of Ingenta, commented:
"Our efforts in both building the sales pipeline and closing deals is continuing to bear fruit. The new business wins demonstrate both the value of our products and services within our broader markets as well as the continuing trust and positive relationships of current customers. These wins secure significant future business and provide the Board with additional confidence that the Company's results for the current year will be in line with current expectations."
The information contained in this announcement is not expected to have a material impact on the Company's expected performance for the year ended 31 December 2024.
For further information please contact:
Ingenta plc Tel: 01865 397 800
Scott Winner/Jon Sheffield