Posted by eckoh at 10:00 AM on Apr 16, 2016

Contract Wins and Renewals Update March 2015

Eckoh has performed particularly strongly in the final quarter of the fiscal year, with six new contracts and additional contracts with two existing customers.

Eckoh has performed particularly strongly in the final quarter of the fiscal year, successfully winning six new contracts in the insurance, retail, leisure and public sectors, as well as additional contracts with two existing utility customers. These deals demonstrate the strong and growing demand for our PCI DSS compliant payment solutions. Eckoh offers the broadest range of secure phone payment solutions in the market and these wins are testament to the strength and flexibility of our products, underpinning our growing dominance in this sector. The new contracts will start to generate revenue in the new financial year supporting current growth expectations.

We also continue to make good progress in the US where we recently secured a contract with one of the largest healthcare providers in the Southern Indiana, South-eastern Illinois and Western Kentucky regions for our CallGuard On-Site product. Our sales pipeline continues to grow and our target market will be extended further when we unveil our new ecommerce payments solution at the Card Not Present Expo in May, alongside our exclusive reseller, West.

Since our interim results in November we have also successfully renewed 100% of the contracts that have come up for renewal, representing eight agreements in total.

Nik Philpot, CEO at Eckoh, commented, "We have had a strong finish to the year and it is very pleasing to see that the acceleration in sales wins is not undermining our ability to successfully service our existing clients, again delivering 100% continuity of historic contracts. Momentum for our secure payment solutions continues to build in both the UK and the US, with our sales pipelines in both markets remaining at an excellent level and positioning us strongly for further growth into the new financial year."

For more information, please contact:

Adam Moloney, Group Finance Director
Tel: 01442 458 300


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