Comarch has signed EUR 27.3 million agreement to provide Software as a Service (SaaS) and Innovation services to KPN B.V., the company said in a market filing on Wednesday. Comarch is to provide support services to KPN B. V. in serving its customers and employees with Comarch's customer care and billing solution. KPN B.V. expects Comarch's particular focus to lay on the management of SaaS applications provided by the IT company and the implementation of innovation services.

Total remuneration payable to Comarch will amount to approximately EUR 27.3 million over five-year term of the agreement and a value of the agreement exceeds 10% of Comarch's equity capital.