Source: Whispir
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Whispir (WSP) signs a SG$1.3 million (A$1.33 million) contract with global leader in telecommunications, Singtel for an initial three-year term
  • The agreement is for services and software licence fees, with transactional usage fee revenue generated on top of the minimum contract value
  • Whispir will replace Singtel’s core SMS notification systems enterprise-wide, removing the requirement for Singtel to manage multiple third-party vendors and internal products
  • The new contract commenced as of December 28, 2021
  • Whispir last traded at $1.91 on December 24

Whispir (WSP) has signed an SG$1.3 million (A$1.33 million) multi-year contract with Singtel, which is considered a global leader in telecommunications.

Singtel provides a portfolio of services in Asia, Australia and Africa, reaching over 750 million mobile customers in 21 countries.

WSP’s three-year deal is for services and software licence fees, with transactional usage fee revenue generated on top of the minimum contract value.

Through the agreement, Whispir will replace Singtel’s enterprise-wide core notification systems, lifting and shifting the requirement for Singtel having to manage multiple third-party vendors and internal products.

This will be done through the provision of one platform which will be integrated with Singtel’s existing applications.

Additionally, Whispir will enhance App Push, Email, Voice, WhatsApp and Rich Message capability for internal users, which will enable Singtel to resell Whispir to enterprise clients.

Whispir’s Vice President of Asia, Andrew Fry, said Singtel was attracted to it due to its secure, scalable, cloud-based platform which meets the rigorous demands and diverse use cases that an enterprise customer requires.

“One of our key strengths at Whispir is supporting our customers to streamline their business communications processes and bring about true communications intelligence,” Mr Fry said.

“Importantly, this new capability enables Singtel to rapidly deploy and resell Whispir’s new communications engagement capabilities to their existing and future enterprise clients.”

The new contract commenced as of December 28, 2021.

Whispir last traded at $1.91 on December 24.

WSP by the numbers
More From The Market Herald
The Market Herald Video

" Askari Metals (ASX:AS2) acquires Barrow Creek Lithium project after raising $2.6m

Askari Metals (ASX:AS2) has acquired the Northern Territory Barrow Creek Lithium project after completing a $2.6…
Agrimin (ASX:AMN) - CEO, Mark Savich

" Agrimin (ASX:AMN) announces $7m cap raise

Following a trading halt earlier in the week, fertiliser development company Agrimin (ASX:AMN) has announced plans…

" Race Oncology (ASX:RAC) reports $1.8m in cash outflows

Race Oncology (ASX:RAC) reports $1.8 million in cash outflows