(Alliance News) - CY4Gate Spa announced Wednesday that it has been awarded a contract on decision intelligence with a foreign institutional client worth EUR850,000 for a duration of one year.

The project involves the integration of proprietary technology with evolutions and verticalizations necessary to meet specific technical requirements of the end user - an institutional client - which intends to achieve more efficient and effective use of the data it holds.

This involves implementing a series of improvements to the advanced decision support tools already in possession, ensuring a higher level of automation and a relevant information enrichment capability through user-friendly dashboards and with recourse to proprietary artificial intelligence algorithms on which CY4Gate is recognized by Gartner as a "representative provider."

Emanuele Galtieri, CEO and general manager of CY4Gate, said, "The acquisition of this evolutionary project once again rewards the vertical skills acquired and the ability to meet specific requirements of particularly demanding clients. Competition is met by possessing high technological standards in synergy with solid skills and expertise that enable innovation, in a market where technological obsolescence is always looming."

CY4Gate's stock is up 0.2 percent at EUR5.49 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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