FinTechFunding

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
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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