Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Journeo wins £1.2m contract with Network Rail

Published 19/12/2022, 10:01
Journeo wins £1.2m contract with Network Rail

Sharecast - Journeo said on Monday that the award was the first major software-led contract for its in-house developed intellectual property and will also provide it with an opportunity for further licensing contracts in the UK and abroad.

The AIM-listed group added that the contract was included in management's expectations for 2023 and 2024 and will further add to the company's strong order book.

Chief executive Russ Singleton said: "We are delighted to be providing Network Rail, ScotRail and British Transport Police with a fleet-wide deployment of our high-security safety analytics software and data management applications within the SaaS-based Journeo Portal.

"Developing and licensing software is a strategic objective of Journeo which is complementary to the historic hardware-based installations undertaken. This bonds Journeo even more closely with its growing list of customers, whilst delivering substantially higher returns for our shareholders."

As of 1000 GMT, Journeo shares had shot up 11.53% to 119.90p.

Reporting by Iain Gilbert at Sharecast.com

Read more on Sharecast.com

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.