In-Touch gets two contracts worth total of $7.2M over three years

OBJ Staff
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Ottawa-based In-Touch Survey Systems (TSXV: INX) has signed two major contracts with unnamed companies in the United States, the company announced this week.

(Stock image)

A company press release said a large insurance company and a large automotive manufacturer will pay a total of $7.2 million to use In-Touch’s EventMatrix, a software tool for organizing large events, for the next three years.

The company, which also does business as In-Touch Insight Systems, said the car maker has been using the system for several years. That included using it in conjunction with 1,500 events in 2013.

“In-Touch continues to invest in software development on the EventMatrix product line and expects to make a product enhancement announcement in the next quarter,” said Cameron Watt, the company’s president and CEO, in the release.

“While not totally net new revenue, these two orders put a stable revenue base under the company for the next three years.”

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