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Ten Lifestyle Group PLC - London-based lifestyle and travel services - Wins two technology development projects with existing clients. The first project, for a ‘major global client’, will develop and enhance Ten's proprietary digital platforms with the objective of increasing user engagement of its cardholders in the US. The contract extension is worth between £250,000 and £2 million and will be delivered in its financial year to August 31, 2023. The second project extension is also with a ‘major global client’ and is worth under £250,000, deliverable in financial year 2023. Says it will enhance the communication integration of Ten's proprietary digital platforms and user experience.
Both these contracts are incorporated into its existing growth plan, the company adds.
Chief Executive Officer Alex Cheatle says: ‘We have seen increased demand, particularly from our larger, more mature, corporate clients, to work with our in-house product and development teams to enhance Ten's existing technology to create differentiation suited to their customer base.’
Current stock price: 57.00p, up 5.6% in London on Tuesday
12-month change: down 45%
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