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General

Allot wins large contract to provide AllotSmart expansion to existing EMEA customer

Monday 16 September 2019 | 14:03 CET | News
Provider of security and monetisation products Allot entered into a significant agreement to provide AllotSmart products to an existing customer located in the EMEA region for total consideration of tens of millions of dollars. The sale is being effected through a system integrator. Allot expects to receive a portion of the amount as an advance payment, with the revenues expected to be recognised over several years and are subject to customary delivery and acceptance terms. The deal's margins are similar to Allot's average margins. Allot management maintains its existing 2019 expectations of

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Categories: General
Companies: Allot
Countries: World
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