PITTSBURGH, Pennsylvania,
Feb. 12, 2020 /PRNewswire/ -- Mastech
Digital (NYSE American: MHH), a leading provider of Digital
Transformation IT Services, announced today that its Data and
Analytics business, branded as Mastech InfoTrellis, signed orders
worth $23 million during the month of
December 2019.
Such a large value of bookings in one month is unprecedented for
the Company. These new orders have been received from blue-chip
customers in the financial services, pharma, and healthcare
verticals. Most of the order value has come from two large Center
of Excellence ('COE') assignments, which are multi-year annuity
engagements. These bookings are not only a strong leading indicator
of future revenue growth but also should help mitigate some of the
lumpiness in our quarterly results from the data and analytics
business.
Commenting on these large wins, Vivek
Gupta, President and CEO, Mastech Digital, said,
"Considering that Mastech InfoTrellis delivered annual revenues
of $24 million just a year ago, these
large orders are a testament to the yeoman efforts from
Paul Burton and his team during
2019. With significant enhancements to our service offerings,
a vastly improved backlog of work on hand and a robust pipeline
driven by an energized sales engine, the future looks very
promising for our data and analytics business."
Commenting on the transformation of
the business unit, Mastech Infotrellis's Chief
Executive, Paul Burton, said, "I am excited to
see the results of all the hard work put in by the
team since I came on board a year
ago. Our Center of Excellence service
offering has gained traction with our clients and
has positioned us as a strong long-term partner
for all their data & analytics needs.
These COE engagements also give us a more
predictable annuity-based revenue
stream. The deals signed in December are just the
beginning. There are more multi-million, multi-year COE
deals in the pipeline."
About Mastech Digital
Mastech Digital (NYSE American: MHH) is a leading provider
of Digital Transformation IT Services. The Company offers Data
Management and Analytics Solutions, Digital Learning, and IT
Staffing Services with a Digital First approach. A minority-owned
enterprise, Mastech Digital is headquartered
in Pittsburgh, PA with offices across the
U.S., Canada, and India. For more information,
visit www.mastechdigital.com.
Media Contact:
Donna Kijowski
+1-888-330-5497
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SOURCE Mastech Digital, Inc.