Subash menon paletro update#

Subash menon paletro update#

We look forward to providing a further update on this following the POC phase.'įinnCap Limited (Nominated Adviser and broker to Pelatro)Ĭarl Holmes/Kate Bannatyne/Milesh Hindocha (Corporate Finance)

Further, it would add a marquee customer to our impressive list. Pelatro has been focusing on recurring revenue for the past couple of years and this win could materially change the current annual recurring revenue run rate. Once all opcos are operational on mViva (expected over the subsequent 24 to 30 months), the full potential of this recurring revenue contract would be about $4 million per year and revenue from this contract would start in 2023.Ĭommenting on this, Subash Menon, Managing Director and CEO said, ' This is a transformative step for us. Should the POC be successful, it is expected that mViva will be rolled out progressively to all the opcos of the telco. Whilst there can be no certainty that the Company will be successful with this POC, it has historically been a successful approach for new contract wins for Pelatro with other similar telco groups. Pelatro Plc (AIM: PTRO), Customer Engagement Hub software specialist, is pleased to announce that it has been selected by a large global telco to provide its mViva Campaign Management Solution to provide a Proof of Concept (POC), which is expected to be in place for about 6 months.