Mach7 Technologies: Signs multi-year $16.7m contract

Mach7 Technologies Signs multi-year $16.7m contract

• Mach7 Technologies (M7T) signs a ten-year deal with Akumin to consolidate its system into a common enterprise solution for $16.7 million
• The agreement involves the company’s entire enterprise imaging platform to provide a true cloud-based, enterprise-wide imaging and informatics solution
• The company says a revenue of $7.5 million is expected to be recognised in FY23 and annual support fees weighted to the second half of the contract term
• Mach7 says its well progressed in discussions with several large healthcare firms and will update the market accordingly
• Shares in Mach7 climbed 21.1 per cent, trading at 69 cents at 11:45 am AEDT