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(Sharecast News) - Cyber-security software firm Acuity RM said it has expanded its work with an existing customer in the nuclear supply chain, securing a new threeyear contract worth more than 100,000.
Acuity RM said on Monday that the deal will see the unnamed client migrate its onpremises STREAM Classic system to the STREAM Classic SaaS platform, while also adding thirdparty risk management capability.
The AIM-listed firm noted that the agreement includes both professional services for the migration and deployment, and a recurring subscription element.
Acuity RM added that the contract boosts recurring revenue from the customer and extends the relationship for a further three years.
Chief executive David Rajakovich said: "The decision reflects the value the customer draws from STREAM and the work the Acuity team has done in supporting them over the course of the existing engagement.
"The agreement increases the recurring revenue contribution from this customer, and the customer has indicated potential for further expansion of its use of STREAM over the life of the contract."
As of 1125 BST, Acuity RM shares were 0.81% lower at 0.92p.
Reporting by Iain Gilbert at Sharecast.com
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