IN BRIEF: Petards hails PS360,000 SaaS contract win

Petards Group PLC - Guildford, England-based security, communication and surveillance systems developer - Receives an order, worth £360,000 over two years, for the renewal of software as a service licenses for its rail focussed software applications. The order is from a leading supplier to the UK rail industry, and renews the customer’s licenses for RTS Solutions’s work, resource and asset management SaaS applications for a further two years. Further smaller supplementary orders for licenses and other work are expected to follow. Chair Raschid Abdullah says: ‘We are delighted to have secured this license renewal from such an important customer and the award adds to RTS’s order book and provides it with a strong core of recurring revenues for the current and following years.’

Current stock price: 7.90 pence, down 4.2% in London on Tuesday

12-month changed: up 13%

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