Lleidanetworks Serveis Telemàtics S A : Lleida.net secures €600,000 annualcontract with Peruvian Online Entertainment Firm

16 April2024

Lleida.net secures €600,000 annualcontract with Peruvian Online Entertainment Firm

Madrid, 16 April. Spanish publicly traded company Lleida.net (BME:LLN) (EPA:ALLLN) (OTCQX:LLEIF) has finalised a new partnership with Peruvian Online Entertainment Company S.A.C., poised to generate an estimated €600,000 in annual revenue for the tech leader, according to company estimates.

Under the terms of the agreement, the Spanish firm will provide its eKYC Lleida.net service to Peruvian Online Entertainment S.A.C.

This innovative eKYC service will empower Peruvian Online Entertainment S.A.C. to modernize its customer registration process, allowing for remote identification via mobile devices or computers. This streamlined process promises to reduce bureaucratic obstacles significantly without compromising security or authenticity.

CEO Sisco Sapena expressed enthusiasm about the new deal, stating, "This latest contract, expected to generate over half a million euros annually, underscores our ongoing recovery efforts and reaffirms our leadership position in the industry. We're gaining momentum, bolstering our portfolio, and remaining committed to our mission."

Lleida.net's eKYC onboarding service boasts the ability to identify customers in under 60 seconds, effectively reducing identity fraud by 82% both online and offline. It's already trusted by 46% of the population engaging in online transactions.

With a robust portfolio boasting 309 patents across more than 60 countries, Lleida.net continues to lead the way in Registered electronic signature, notification, and contracting innovations.

The company's growth strategy is centred around a steadfast commitment to intellectual property development, ongoing research and development initiatives, and a focus on expanding its global footprint.

Established in 1995, the company initially listed on BME Growth in 2015 on the Madrid Stock Exchange. Since then, it has secured listings on Euronext Growth Paris in 2018 and the OTC Markets of New York in 2020. Its shares are also traded on the Frankfurt and Stuttgart Stock Exchanges.