Jacada Signs Deal with New York Utility Company

Jacada (JCDA), a leading provider of unified desktop and process optimization solutions for customer service operations, annouced the details of a deal that was signed in early August. Jacada said that the agreement is with Central Hudson Gas & Electric, which is a subsidiary of CH Energy Group (CHG). It is a regulated gas, and electricity provider that serves approximately 367,000 customers in eight counties of New York State’s Mid-Hudson River Valley. Revenue from the contract will be recognized in future quarters.

Since my post on September 19th, Jacada stock has moved straight up, much like Don King’s hairdo, and is up over 15% in this 3-week period. As I have mentioned in the past, small Israeli companies that are flying under analyst radar, who keep signing deals and executing their business plans, sooner or later catch fire and with small floats, off they go. Keep in mind that with a market cap under $85 million, and $36 million in cash, this continues to be an attractive play, especially for those looking at up and coming micro-cap stocks.

Disclosure: The author’s fund is long JCDA as of October 9, 2007, but has no positions in any other companies mentioned.