Innovative Swindon IT firm Stilo International has landed a three-year $756,000 (£486,000) contract with a major US firm.
The order, for its cloud content conversion service Stilo Migrate, has come from a ‘major semiconductor manufacturer’, the Windmill Hill-based firm said without naming the company. The first payment of $265,000 is due this year.
Stilo, which is quoted on the London Stock Exchange’s AIM market, makes content processing technology for major tech firms. Its products are used by commercial publishers, technology companies and government agencies and include organisations involved in the production and maintenance of technical documentation.
Its Migrate produced is a cloud service that enables subject matter experts to automate the conversion of their content and provides greater control over conversion quality, immediate turnaround times and operates on a low-cost, pay-as-you-use basis. It is the world’s first cloud XML (Extensible Markup Language) content conversion service.
Stilo chief executive Les Burnham said the order was “the culmination of significant effort across the company, and represents a testament to the quality of Stilo’s technology, technical expertise and supporting services”.
Stilo shares climbed 14.1% to 3.71p – a seven-month high – on Monday when the contract win was announced.
At the firm’s AGM last week chairman David Ashman said new Migrate customers included Perceptive Software, Dell Software, Tridium and Infinera. Its prestigious customers already included Kaplan Professional Education, Pitney Bowes, SAP, Intel, Unicef and Cray.
He also told shareholders that trading so far this year had been in line with management expectations and there was “an encouraging sales pipeline” for Migrate.
Development of a new web-based authoring tool, AuthorBridge, was progressing well. An initial pilot with a major customer was ongoing and general release was planned for later this year. Preliminary customer feedback had been very promising, he said.
Its OmniMark core product – a specialist tool for content developers – last year won orders from customers as wide ranging as Brazilian aircraft manufacturer Embraer, Japan’s Patent Office, the European Parliament and National Geospatial in the US.
