Daily Internet plc (AIM: DAIP) – subsidiary enters into significant contract
This is an exciting development for Daily Internet (DAIP), the hosting and cloud infrastructure provider. The contracts (worth £440,000) are with M P Moran & Sons Ltd, a leading builders’ merchant, to provide a fully managed Private Cloud solution.
These contracts represent the first of several ongoing projects to come to fruition as of a result of the Netplan partnership with Q4Ex, which the two companies were working on prior to the acquisition of Q4Ex during December 2014. This development bodes well for the future of Netplan.
Despite incurring a loss in 2014, Daily Internet plc saw its greatest year of revenue, reporting a £2.33m revenue, a 49.71% increase on the previous year. The business has a market capital value of £6.6m.