Contract
Acuity RM Group plc has announced a significant contract renewal and upgrade with a North American bank, extending their agreement for three years and increasing fees by 280% compared to the original contract. This renewal, with a total contract value exceeding £160,000, reflects the increased utilization of Acuity's STREAM® software platform by the customer since its initial implementation in 2023. The deal boosts Acuity's contracted future revenues to over £2 million, indicating positive momentum for the company.
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software platform for the Governance, Risk and Compliance ("GRC") market, together with associated consultancy services, is pleased to announce that it has agreed a new multi-year renewal and a 280% increase in fees compared to the original contract with a bank based in North America (the "Customer").
Since initial implementation in 2023, the Customer has substantially increased its use of Acuity's STREAM
software. As a result, the Customer renewed for a further three-years with a total contract value in excess of £160,000 - and lifts Acuity's contracted future revenues to over £2m.
David Rajakovich, Chief Executive, said
"We're thrilled to deepen and renew our relationship with this bank. Their decision to extend for three years at an increased investment reflects the measurable value our platform has delivered to their business, and we're committed to supporting their continued growth."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.