Cirata pens 'largest direct contract' yet in deal with US insurer

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Cirata PLC on Monday said it has won a $3.1 million deal with a ‘leading US insurer’, its largest direct contract to date.

The software solutions provider said the deal represents a move away from a one-year legacy pact for the Fusion product to a new longer term contract.

‘The new contract encompasses the deployment of Data Migrator, with a focus on disaster recovery applications,’ Cirata said.

Cirata expects to provide a third quarter trading update on October 16.

Cirata shares were up 17% to 21.60 pence Monday morning in London.

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