Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team
Analyst Comment

River Tech expands product verticals through website management system agreement

By Philip CoombesEquity Research Analyst
River Tech

This morning River Tech Plc announced a has reached an agreement with Azure Marketing Services B.V. for the technological development of a website management system. The first iteration of the project will be delivered by the end of Q1 of 2023.

The system will allow the customer to launch and manage multiple websites from a single point of interaction and generate revenues of €150,000. River Tech has also agreed to provide support services generating additional revenues from the agreement.

While the deal reflects a relatively smaller share of group revenues, the agreement signals the initiation of an additional product vertical for River Tech, which expands the capabilities of the B2B provider of software, technology and platform services.

Disclaimer: HC Andersen Capital receives payment from River Tech for a DigitalIR/corporate visibility agreement/ Philip Coombes 13:45 20.10.22

River Tech Plc is a B2B provider of software solutions, primarily delivering bespoke web applications. Headquartered in Malta, River Tech is listed on the Euronext Growth Oslo market following its IPO in 2018. River Tech Plc offers a variety of software solutions as its core business, with clients paying a recurring revenue for access to River Tech’s solutions. The company generates additional revenues by leveraging its software expertise to solve additional technical challenges for its clients.

Read more on company page
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.