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Two Major Customers Expand Footprint with Boardwalktech
Two Major Customers Expand Footprint with Boardwalktech Canada NewsWire CUPERTIN...
About this update from Boardwalktech Software Corp.
[{"type":"text","content":"\n\n\n\nTwo Major Customers Expand Footprint with Boardwalktech\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCUPERTINO, CA, Aug. 7, 2019\n\n\n\nRecord setting number of users by an existing customer on Boardwalk Digital Ledger Platform  \n CUPERTINO, CA, Aug. 7, 2019 /CNW/ - (TSXV:BWLK) - Boardwalktech Software Corp (\"Boardwalktech\") announced today that two existing clients have greatly expanded their use of the Boardwalk Digital Ledger Platform resulting in significantly improved business results for each client. As a result of these client expansions, Boardwalktech expects additional revenue, in both recurring license fees and professional services, to begin in the current quarter and recognized over the next 12 months.  Due to competitive advantage expected from these systems running on the Boardwalk Digital Ledger platform, and confidential nature of these deployments, both customers requested that their names not be disclosed at this time.\nAn $8.6B revenue multinational IT and Services company has expanded the number of users for its price/quote management system running on the Boardwalk Digital Ledger Platform to 6,000 users during the first half of 2019.A $5.8B revenue Fortune 500 semiconductor company, based in the US, has now gone live with its third application on the Boardwalk Digital Ledger Platform where Boardwalk is delivering a system to digitally manage their RFP and RFQ process significantly reducing the time to quote/respond delivering higher sales conversions and higher price points/margins per RFP.\"Today's announcement reflects Boardwalktech's ongoing traction of continued adoption and use of our platform, and corresponding growth in our recurring revenue,\"  said Andrew T. Duncan, CEO of Boardwalktech. \"As evidence of increased adoption by existing customers, Boardwalk has seen a 230 percent increase in the number of managed cells on the Boardwalk platform over the past 2 years, exceeding 2 billion hosted cells, with the average transactions per user increasing 20 percen...