Mobile financial services provider Vipera says that it will generate higher revenues than expected in 2012.
The share price rose 25% to 5p, valuing Vipera at £6.47m.
Vipera provides mobile financial services and technology, which includes mobile banking and money transfer.
Vipera will generate more than £500,000 from its largest ever contract and other business has been won. The full value of that large contract, which is with a major Italian gaming business, is £1.5m over three years.
To put these revenue figures in perspective, in 2011 total revenues were £660,000.
In the summer, Vipera pulled out of a potential merger. The share price is still well below the 8.5p a share suspension price.
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