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Boardwalktech (TSXV:BWLK) extends and expands contract with leading fortune 50 company

Market News, Technology
TSXV:BWLK
23 December 2022 13:30 (EDT)

Boardwalktech Software (BWLK) has extended and expanded its contract with a Fortune 50 California-based technology company.

The company will deliver additional data management, analytics and supply chain visibility solutions running on the Boardwalk Platform. This project is rolling out in multiple incremental phases. Additional revenue from this extension starts at USD $400,000. It is a combination of license revenue and services as the solutions expanded across more users.

Boardwalktech expects additional incremental revenue during their new fiscal period starting January 2023.

The client will use the Radius Control Tower functionality running on the Boardwalktech Digital Ledger Platform to implement a new system. It will manage data and supply chain information globally, including order and supplier tracking.

The client will be able to efficiently manage and align information from their suppliers, logistics providers, customers, partners, and internal systems worldwide. It allows them to have better visibility, better insights, enhanced analytics and rapidly advance the decision-making process.

Boardwalktech is a developer of cell data management technology and Digital Ledger Technology Platform. It serves CPG; High Tech; Financial Services; Manufacturing; Retail; Apparel; Insurance, and Government industries.

Boardwalktech Software Corp. (BWLK) is up 28.57 per cent, trading at C$0.72 per share at 1:17 pm ET.


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