FinTechFunding

Swift Media: Signs new contracts worth $2.5M

  • Swift Media (SW1) has entered three new deals — two of which are contract extensions to mining and resources clients
  • One of these is Mineral Resources who engaged Swift to roll out its Swift On Demand platform across three sites with over 440 rooms
  • Iron ore miner, Roy Hill, extended its contract with Swift to supply the entertainment platform with movies, in-room entertainment and support in over 2200 rooms
  • Lastly, Swift has extended its contract with Pilbara Minerals to continue to provide its on demand platform in over 380 rooms from this month
  • The contracts valued at $2.5 million — of which 70 per cent is recurring revenue for an initial 12-month period
  • Swift ended the day in the grey with shares closing at 2.9 cents at market close
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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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