Pilat Media Global has won a new $7.7m software contract.
The supplier of business management software for broadcasters has signed a deal with a major American telecoms business to licence, install and maintain Pilat‘s Integrated Broadcast Management System. The initial revenues will be recognised over a period of two to three years. There will also be $3.5m of maintenance services in the first few years of use.
Pilat generated revenues of £19.3m in 2009. Pilat reported a profit of £638,000 last year.
At 37p a share, Pilat is valued at £22m.
Pilat is publishing its interim figures on 31 August.
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