IkeGPS ups subs on $3.7 million US deal

(Image: IkeGPS)

Fri, 22 Dec 2023

Electricity utility management group IkeGPS says its latest $3.7 million subscription contract with a Fortune 150 company, one of the largest investor-owned utilities in the US, will increase tenfold its annual recurring revenue from the customer.In an announcement to the Australian and NZ stock exchanges, the company said the upsell onto the PoleForeman structural analysis platform will increase subscription revenues from $70,000 a year to about $700,000.IkeGPS chief executive Glenn Milnes said the upsell represented "a new chapter"...

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