Deal win lifts Eckoh

AIM-listed IT business Eckoh (LON:ECK) saw its share price rise by 8.33% to 68.25p (as of 15:30 BST) after winning an extension to a major contract providing services supporting the London Congestion Charge. The company said that the deal was valued at £4 million over the next six years.

CEO Nik Philpot commented: “We are delighted to have secured such a significant, valuable and long-term contract extension for TfL through Capita, who remain a key strategic partner and whose relationship continues to play a pivotal role in the growth of our business.

“We have been greatly encouraged by the continued demand we have seen for the Eckoh proposition from both new and existing clients in recent months, which has enabled us to be very resilient in what remain uncertain times. Not only is this testament to the sophistication and breadth of our product offering, but also to the quality and energy of our partners such as Capita”.