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Manalto Signs New Customer For Social Media Software

Manalto (ASX:MTL) has signed a new customer with retail outlets across the U.S. for its Enterprise social media technical support product.

The company signed an agreement with fast-growing food company The Spice & Tea Exchange to use the Manalto solution for up to 50 licenses.

Manalto services delivers time savings to small and medium-size enterprises (SME) such as The Spice & Tea Exchange by allowing single visibility of social media activity across Facebook, Twitter, Linkedin and Instagram.

The company's Enterprise solution is estimated to have 138,551 addressable licenses in pipeline which have progressed to 60% through the sales process and 1,764 licenses under contract yet to be invoiced.

Anticipated Enterprise invoices for the end of December 2015 total 1,240 licenses with an average cost above 50 licenses of US$240 per annum each.

The latest customer contracting momentum builds on news yesterday confirming Manalto's Soshlr social media management product had been commercially integrated into the business of a key Luxembourg-based distributor, opening sales of Manalto technology to more than 350 international partners.

Manalto secured LuxCloud as a distribution partner last month, making Soshlr available to a broad partner base of hosting companies and telco's.

These include HOT Telecom (Israel), (NASDAQ:UK), Protagonist (Netherlands) and TechnoMania (Lebanon), who then sell to a suite of SMEs.

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