By Joe Hoppe

Crimson Tide PLC shares rose Tuesday after it said it has entered a master services agreement with Compass Group PLC for its mpro5 product.

Shares at 0914 GMT were up 0.35 pence, or 13%, at 3.15 pence.

The mobile-business company said the agreement concerns Compass's non-U.K. operations, and that its first contract will be focussed in Denmark. It said the deal underpins opportunities for mpro5, a digital product which allows businesses to complete jobs and paperwork out in the field.

"This Master Service Agreement allows other Compass locations to easily add mpro5 to their operations," Chairman Barrie Whipp said.

Write to Joe Hoppe at joseph.hoppe@wsj.com

(END) Dow Jones Newswires

December 07, 2021 04:44 ET (09:44 GMT)

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