Cirata secures $3.1m deal with US insurer

(Sharecast News) - Cirata announced on Monday that it has secured a $3.1m, three-year data integration software contract with an unnamed leading US insurer, marking the largest direct contract in the company's history. The AIM-traded firm said the agreement represented a shift from a previous one-year legacy Fusion product deal to a longer-term partnership focused on deploying its Data Migrator platform for disaster recovery applications.

It described the contract as a key milestone in deepening its customer relationships and expanding the use of its data management technologies within critical enterprise systems.

Cirata said it was planning to issue a trading update for the third quarter of its 2025 financial year on 16 October.

At 1049 BST, shares in Cirata were up 13.67% at 21p.

Reporting by Josh White for Sharecast.com.