Corero reports contract win

Source: Corero

Corero is pleased to announce the receipt of a number of orders in excess of £270,000 from a major investment banking customer.

The order includes a licence for a module of Radica CAPS which forms part of the delayed order referred to in previous announcements by the company. It will be deployed by the customer in London and Singapore to support the processing of its European and Asian corporate actions and income events.

In addition to the licence, the orders are for professional services and maintenance for the next four years. A significant portion of this revenue will fall in the first half of the Company's financial year. Corero believes that further significant orders for licences and services will be received during the second half of the year.

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