River Tech expands product verticals through website management system agreement
This morning River Tech Plc announced a has reached an agreement with Azure Marketing Services B.V. for the technological development of a website management system. The first iteration of the project will be delivered by the end of Q1 of 2023.
The system will allow the customer to launch and manage multiple websites from a single point of interaction and generate revenues of €150,000. River Tech has also agreed to provide support services generating additional revenues from the agreement.
While the deal reflects a relatively smaller share of group revenues, the agreement signals the initiation of an additional product vertical for River Tech, which expands the capabilities of the B2B provider of software, technology and platform services.
Disclaimer: HC Andersen Capital receives payment from River Tech for a DigitalIR/corporate visibility agreement/ Philip Coombes 13:45 20.10.22