Eckoh plc announced it has won a 2-year contract worth a minimum of $1.3m with a leading, global hotel company following a successful competitive process. Eckoh will provide a cloud solution to the new client, incorporating both voice payment security, digital payments, and advanced speech recognition. When fully deployed, it is expected to cover more than 20 territories and an equivalent number of different languages.

This important contract win shows the merit of Eckoh's long standing strategy to pursue larger opportunities and the success of the plan to cross-sell from a broader product suite following the acquisition of Syntec in December 2021. The contract win also shows the continuing trend towards cloud adoption and more international mandates. The solution is expected to go live in the second half of this financial year and in line with other cloud contracts will deliver higher levels of recurring revenue and margin.

The Group is also pleased to announce a contract win following a competitive tender for voice payment security with the Irish division of one the world's largest insurance companies. The deal is worth a minimum of £0.6m over 5 years and it is expected that this will be one of the first clients to utilise the new enhanced cloud platform that has been developed through the 'Syntegration' project. This win reflects Eckoh's strategy to target sectors which are well suited to their model, technology, and product suite and secure significant, international mandates for large blue-chip organisations.