Checkit clinches £450k deal with top retailer
Checkit, a subsidiary of Cambridge product development firm Elektron Technology, has clinched £450k from a two-year rolling contract with one of the UK’s leading retail organisations.
Checkit provides real-time task management and monitoring technology.
The new deal follows the successful launch of Checkit's next generation edition in 2016, and initial customer success including the creation of a relationship with Compass.
As a result of the contract success, Checkit will be deployed across more than 70 locations to automate, guide and enforce compliance and management processes.
Once fully installed Checkit's recurring annualised revenues will be in excess of £600,000 per annum.
Checkit says it continues to build its customer base among SMEs and to develop relationships and pilots with major organisations.
John Wilson (pictured), CEO at the quoted parent group Elektron, said: “This is a significant development for Checkit, further confirming its value as a vital management tool for business improvement.”