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Hansen Technologies Secures A$50 Million Contract with Virgin Media for Digital Transformation

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Hansen Technologies Secures A$50 Million Contract with Virgin Media for Digital Transformation

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Hansen Technologies Limited ( (AU:HSN) ) has issued an update.

Hansen Technologies Ltd has secured a five-year master agreement with Virgin Media Limited (VMO2) valued at approximately A$50 million. This partnership involves licensing Hansen’s cloud-native Suite for Communications, Technology & Media to VMO2, aiming to enhance VMO2’s wholesale and retail market capabilities through three platforms. This strategic agreement is expected to contribute to Hansen’s projected revenue growth, reaffirming its strong financial guidance for the fiscal year 2025, and demonstrating the confidence of major industry players in Hansen’s technological solutions.

More about Hansen Technologies Limited

Hansen Technologies Ltd is a leading global provider of software and services in the Energy & Utilities and Communications & Media industries. The company offers award-winning software and serves customers in over 80 countries, focusing on helping them create, sell, and deliver products and services, manage customer data, and control revenue management and customer support processes.

YTD Price Performance: -3.03%

Average Trading Volume: 720

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: €670.6M

See more data about HSN stock on TipRanks’ Stock Analysis page.

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