Irisity Awarded 5th Year Renewal of Perimeter Security Contract in the UK
Gothenburg, Sweden – November 15th, 2024 – Irisity AB (publ), a provider of AI-driven video data management software, reports a renewal of a perimeter security contract with a UK-based home appliance manufacturer. It is an Annual Recurring Revenue (ARR) contract valued at more than MSEK 1.7, marking the fifth year of delivering a perimeter security SaaS deployment in partnership with a UK-based integration partner. The contract began in November 2020, with yearly renewals. From an initial deployment of six cameras, the project continued to grow, expanding to 661 cameras by December 2023.