Managed services provider Redstone has clinched a £4.98m datacentre management contract with a UK banking firm.
The deal involves the deployment of a new cabling system and environmental monitoring tool within the unnamed bank's datacentre.
It follows an announcement in September that Redstone was to receive an £8.5m bailout so it could continue to trade, after it posted a disappointing set of full-year results.
Tony Weaver, chief executive of Redstone, said the deal was a "significant win" for the business now its restructuring activities have been completed.
He said: "The management's revised strategy was to refocus the business on its core assets and offering to the market, whilst continuing to build on the existing blue chip client base, which we believe we are now well positioned to exploit in the year ahead."
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