Attraqt signs multi-year contract with 'iconic' British luxury brand

Attraqt Group has signed a £640,000 multi-year contract with an "iconic" British luxury brand.

The AIM-listed company has agreed for its technology to be part of the brand's digital architecture following a competitive pitch process and its software will power on-site search, recommendations and merchandising activities.

The new win follows the £1.2m multi-year contract that was signed with two global brands earlier this quarter and the company said it further highlights how its technology continues to deliver "compelling" results for some of the world's most powerful online retailers.

Chief executive officer Luke McKeever said: "I am delighted to announce this new contract win, demonstrating our ability to provide powerful, mission-critical solutions for luxury retailers and builds on the momentum we have enjoyed over the past few months and it will support our existing forecasts.

"We will continue to focus on extending our strong product set, with further product innovation and platform integration solutions available later this year. We are proud to power some of the world's best on-line shopping experiences."

At 1520 BST, the shares were up 6% to 35.51p.