FirstWave Cloud Technology (ASX:FCT) reached an agreement with telecommunications provider Claro Dominican Republic to license its NMIS v9 software suite, according to a Monday ASX filing.
Claro will pay an upfront licensing fee of $250,000, and there are no required delivery, support, or professional services.
Claro is part of the América Móvil conglomerate.
The firm's shares surged 33% on market close.
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