eg solutions PLC (LON:EGS), a specialist in back-office optimisation, has signed a five-year contract worth a minimum of £8.12mln, including £1.4mln of incremental revenue.
The unnamed customer is described as a leading provider of business process management, the company said in a statement.
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The master supplier agreement replaces a three-year deal. The company said the net impact on licence revenue in the current year will not be significant.
However, the extended term of the arrangement means its order book of recurring revenues to be recognised beyond the current financial year end will rise to £22.93m, an increase of 24% at the last update at the end of January.
Chief executive Elizabeth Gooch said: "We are pleased to announce another significant long-term contract win which not only underpins our future revenue streams but also creates an exciting partnership with a major customer in the UK."