Cirata plc (LSE:CRTA) has landed a $700,000 contract renewal over two years with a major Canadian bank, reaffirming confidence in its flagship Live Data Migrator (LDM) software. Facilitated via the Google Marketplace, the renewal highlights Cirata’s continued relevance and capability in delivering complex data integration solutions to top-tier financial institutions.
While the company continues to face financial headwinds—including shrinking revenue and negative cash flow—this latest deal adds momentum to its commercial efforts. Strategic alliances and recent corporate developments offer some optimism, although market sentiment remains cautious due to ongoing unprofitability and mixed technical indicators.
About Cirata plc
Cirata plc is a data integration specialist offering enterprise-grade software for data migration, synchronization, and disaster recovery. Its core product, Live Data Migrator, enables seamless movement and replication of data across cloud environments, with a focus on serving large institutions through scalable and resilient solutions.
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