Drumz plc (LON:DRUM) has announced that, Acuity Risk Management Limited, in which Drumz has a 20% shareholding with an option to acquire a further 5%, has secured two contracts worth a total of £290,000.
The first is a new contract with an NHS Trust worth £184,000 over three years being a combination of software licences and consulting. The other is the renewal of a software contract with a US insurance company for an additional two years.
Simon Marvell, CEO of Acuity, said “We are proud to announce these contracts, both are important as they show the increasing number and value of the opportunities we are generating and the confidence of organisations in our STREAM product and related services.”
Angus Forrest said “These developments begin to demonstrate that the work put in to develop Acuity’s STREAM product is driving demand and the revisions to the commercial infrastructure are beginning to deliver higher value contracts.”