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ActiveOps PLC - Reading, England-based management software firm - Wins a contract with an unnamed UK bank within the organisation's financial crime function, worth about £600,000 in annual recurring revenue. Says the contract is for its recently launched CaseworkiQ, a case-based workflow management solution.
Chief Executive Officer Richard Jeffery says: ‘The launch of CaseworkiQ in June 2022 has allowed us to target high profile, regulated use cases and, as expected, has proven to be highly applicable across our existing customer base, with this contract demonstrating the scale of the upsell opportunity. We are delighted to continue to support this leading UK bank, in delivering excellence in their operations.’
The UK high street bank has been an ActiveOps customer since 2016. Says the contract underpins the current growth expectations for the company.
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