TZ collars ‘pivotal’ software deal with multi-billion-dollar company Ricoh

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TZ collars ‘pivotal’ software deal with multi-billion-dollar company Ricoh

As it continues to boost its bottom line, TZ Limited (ASX: TZL) has collared a “pivotal” software only deal with multi-billion-dollar company Ricoh. Under the agreement, Ricoh will use TZ’s cloud offering. The deal is expected to have a total contract value of $950,000 to TZ over a three-year term.

TZ Chief Executive Officer Mario Vecchio said the agreement with Ricoh was a “pivotal moment” for the company, because it marks TZ’s first software-only contract.

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