Contract Extensions with Public Sector Customers
Crimson Tide plc has secured 12-month extensions on two public sector contracts, adding £211,000 in combined annual recurring revenue. These extensions highlight the continued adoption of the mpro5 platform by public sector clients for digitalizing inspection, servicing, and compliance activities across their extensive estates, replacing traditional paper-based methods with real-time data capture and providing centralized visibility of operational standards.
Select text to share a quote on X · sign in to keep highlights & notes in your TIDE notes
Crimson Tide plc (AIM: TIDE), the provider of the mpro5 operational compliance platform, is pleased to announce that it has agreed 12-month extensions to two existing public sector contracts, representing combined annual recurring revenue ("ARR") of £211k.
Both customers use mpro5 to digitalise routine inspection, servicing and compliance activity across large, geographically dispersed estates, replacing paper-based records with real-time data capture and giving central teams consistent visibility of standards across all locations.
Commenting on the extensions, Jon Clarke, CEO of Crimson Tide plc, said:
"We are pleased that both of these customers have chosen to extend their contracts. Public sector organisations face the same operational challenge as our largest commercial customers - maintaining consistent standards across a large and varied estate - and this is where mpro5 excels."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.