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.
