On Thursday it announced a deal with Harrah’s Operating Company, Inc. (HET). Jacada will be providing a system for Harrah’s to quicken the reservation process for both customers and agents, enabling Harrah’s to provide a superior customer service to enhance customer loyalty.
This is a huge win for Jacada, as it helps prove that not only do they have a cutting edge product, but that there is actually a market for it. With a market cap of about $70 million, and almost $36 million in cash, Jacada is still flying under Wall Street’s radar, but high profile deals will surely help in getting the company discovered, and that should make for a big boost to the stock price.
Disclosure: The author’s fund is long JCDA as of July 19, 2007. He doesn’t own any other positions in companies mentioned in this article.
JCDA 1-yr chart: