NowVertical Secures $1.2 Million Data Modernization Contract with Major Telecom Group
NowVertical Secures USD $1.2m AI-Accelerated Data Modernisation Mandate with a Global Media and Telecoms Group
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NowVertical Group Inc. has signed a $1.2 million contract with a leading Global Media and Telecoms Group for a data modernization project, transitioning its reporting systems to Google Cloud Platform. This engagement is part of a broader strategy to enhance enterprise growth and AI capabilities in the European market.
- 01The contract is valued at approximately $1.2 million and is expected to be completed within fiscal 2026.
- 02The cumulative revenue from this client relationship is projected to reach $10 million by the end of 2026.
- 03NowVertical's AI delivery framework reduced analysis time by 90% compared to traditional methods.
- 04The project involves migrating hundreds of critical reporting views to a unified cloud-native foundation.
- 05This engagement aligns with NowVertical's strategy to expand its footprint in the European media and entertainment sector.
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NowVertical Group Inc. (TSXV:NOW) has announced a significant $1.2 million contract with the European division of a top 10 Global Media and Telecoms Group. This agreement marks one of NowVertical's largest Statements of Work to date and is part of a comprehensive data modernization program that will migrate the client's core reporting systems from a legacy on-premises platform to Google Cloud Platform (GCP). The project is expected to be delivered substantially within fiscal 2026, with cumulative revenue from this client projected to reach $10 million by the end of the same year. The engagement will involve migrating hundreds of business-critical reporting views across various domains, enhancing the client's analytics and operational reporting capabilities. Notably, the use of NowVertical's proprietary AI delivery framework allowed for a 90% reduction in analysis time compared to conventional methods, significantly accelerating the modernization process. CEO Sandeep Mendiratta emphasized that this project reflects the transformative potential of AI-assisted delivery in enterprise data modernization.
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The data modernization project will enhance operational efficiency for the client, enabling better analytics and decision-making capabilities.
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