Checkit (CKT ) announced that it has signed a three year contract with Biomat, a subsidiary of Grifols, a global firm and a producer of plasma-derived medicine and transfusion medicines.
Headquartered in Spain, Grifols holds a worldwide network of over 350 plasma centres, including more than 50 in Europe. Overturning revenues of €5.3bn, it employs 24,000 people providing products and services in more than 100 countries worldwide, Checkit told investors.
The contract has a minimum total value of £2.8m spread evenly over three years. This will involve providing services to over 300 sites which will see Checkit, a provider of cloud-based services, extend its footprint in the US within Grifols to initially five of its US subsidiaries.
Of the total contract value, approximately 12% represents the renewal of existing business with Grifols with the remainder representing upsell and new business, Checkit explained.
Today, shares in Checkit have increased by 5.75% to 46p following this morning’s news.
This latest agreement will establish Checkit as Grifols’ partner of choice for the provision of intelligent operations technology in the US. It added that the expansion of the Checkit platform to cover Grifols’ key countries of operations in Europe is “at advanced stages of discussion.”
Grifols also plans to build 20 plasma centres in Egypt, with Checkit having recently signed a separate three year contract to provide intelligent operations services to the first ten of these.
Addressing shareholders, Checkit’s Chief Executive Officer, Kit Kyte. said: “Our partners at Grifols already appreciate the power of our monitoring services and the future addition of workflow management will give them unprecedented levels of digital control and data-driven insight, as we look for ways to streamline their complex, globally distributed operations.
Kyte added: “This deal provides further confirmation of the importance of our technology in enabling intelligent operations across deskless workforces.”
Follow for more news and updates on Checkit: