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Safety pays at Eckoh

Eckoh signed up several high-profile customers and expanded internationally
November 20, 2015

Relentless cyber attacks and data thefts have piled pressure on businesses to store customers' information safely. Growing numbers have turned to Eckoh (ECK), whose technology secures payments and call-centre transactions. The upshot was a 44 per cent rise in adjusted operating profit to £1.5m in the six months to 30 September.

IC TIP: Hold at 48p

Eckoh's main UK business signed eight new customers, including the Co-operative Group and ComAir. It also renewed all 13 contracts that expired in the period, including one with long-term partner Vue Cinemas encompassing inbound calls, emails, ticket bookings and gift cards. And a framework agreement with Capita helped it secure £15m in multi-year agreements with O2, Yodel and Transport for London.

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