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US Army Extends GlobalSCAPE Inc Support Contract


Friday, 21 Jun 2013 04:37pm EDT 

GlobalSCAPE Inc announced that the US Army has exercised year one of a two-year option contract to continue Globalscape's support for the Standard Army Maintenance System-Enhanced (SAMS-E) logistics program. Under this agreement, Globalscape will continue to provide maintenance and support to previously purchased software licenses for the Enhanced File Transfer solution and CuteFTP managed file transfer application. By exercising the option, the Army extends the contract through July 24, 2014. The option year is worth $1.45 million and will yield in excess of $360,000 of revenue per quarter. If the second option year is exercised, it could result in a total value of $4.4 million over three years. 

Company Quote

2.4
-0.05 -2.04%
24 Dec 2014