Daily Internet announces two-year contract extension with insurance company

19th Jun 2015 11:23

A wholly-owned subsidiary of cloud solutions provider Daily Internet has signed a two-year contract renewal with one of the world's largest insurance companiesThe contract has a value of approximately £0.55m, which will be generated over the term of the agreement.The contract amount includes an uplift of £90,000 compared to the initial contract terms, which reflects upgrades for Compute and Storage capacity.Chief Executive Chris Evans said: "This contract renewal, its uplift in value and the repeat additional business from this global insurance company further demonstrates the quality of the highly skilled team in Netplan and the trusted adviser relationship its is building on with its customers."The previous agreement had just reached the end of its initial two-year term. Shares had climbed 12% to 1.9p by 10:43.