Artilium Signs 2 Pacts Worth EUR1M With Existing Customers

8th Jun 2010 07:20

LONDON (Dow Jones)--Artilium PLC (ARTA.LN), a developer of advanced software for telecoms networks, Tuesday announces that it has signed new contracts worth EUR1 million to provide solutions to two of its existing customers, which will be delivered over the next few months. MAIN FACTS: -The first contract, worth EUR0.4 million is with Lebara, a Mobile Virtual Network Operator, or MVNO, with over 2.5 million customers in Continental Europe, the U.K., and Australia, to which Artilium currently provides Intelligent Least Cost Routing through its ARTA Service Delivery Platform. -The contract will double the capacity of Lebara's current platform over the coming months from 60 to 120 call attempts per seconds ("CAPS") in steps of an additional 10 CAPS per step. -The second contract, worth EUR0.6 million will be to provide the ARTA Mobile Network Enabler Platform to another existing client, who currently operates fixed line telephony services on the ARTA platform from Belgium. -Shares closed Monday at 9.25 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires June 08, 2010 02:20 ET (06:20 GMT)