Boardwalktech Software Corp, the leading digital ledger platform and enterprise software solutions company has announced that a Fortune 500 client has signed a 5-year extension to license and further deploy Boardwalktech’s supply chain solution. The customer is a food and snack manufacturer generating $36 billion in annual revenue.
The Company expects the renewal to generate more than US$300,000 of license revenue over the term of this extension, not including potential professional services work or usage-based upside revenue. Such competitive and confidential terms cannot be disclosed at this time.
This renewal between Fortune 500 and Boardwalktech Supply Chain represents the third expansion by this customer from the initial contract signed and renewed in 2015. This deal, and the expansion, were generated through one of Boardwalktech’s partners – a Fortune 500 consulting and financial services firm, with additional active deals and referrals via that partner expected this year.
“This contract renewal is a testament to the strengths of both Boardwalktech’s supply chain solution as well as our account management efforts, and the value customers derive from our platform. Our supply chain automation and informational intelligence solutions turn unstructured and structured data into powerful tools that drive customer efficiencies. This renewal adds to our existing portfolio of Fortune 500 clients not only in food manufacturing but also in technology, telecommunications, and cosmetics, illustrating the universality of our solutions. Our pipeline remains robust in both the supply chain and the banking verticals, and we look forward to providing investors with more updates on our progress as we convert our pipeline.”Andrew T. Duncan, Chief Executive Officer, Boardwalktech
Boardwalktech has developed a patented Digital Ledger Technology Platform currently used by Fortune 500 companies running mission-critical applications worldwide. Boardwalktech’s digital ledger technology and its unique method of managing vast amounts of structured and unstructured data is the only platform on the market today where multiple parties can effectively work on the same data simultaneously while preserving the fidelity and provenance of the data.