LONDON - Eagle Eye Solutions Group PLC, a SaaS and AI technology company, has entered into a five-year global original equipment manufacturer (OEM) agreement with one of the world's leading enterprise software vendors. This partnership, announced today, will see the integration of Eagle Eye's AIR platform into the vendor's forthcoming cloud-based loyalty solution set to launch in 2025.
The deal marks Eagle Eye's first OEM agreement and is anticipated to significantly contribute to the company's Annual Recurring Revenue (ARR) once the solution becomes operational, with the first customers expected to go live in early 2026. A minimum three-year commitment starting in the current year is included in the agreement terms.
Eagle Eye's AIR platform will provide key components such as Omnichannel Promotions, Real-Time Loyalty, and Cloud-based Basket Adjudication services. These features are designed to enable enterprise customers to rapidly deploy advanced, omnichannel, real-time loyalty programs at scale.
Tim Mason, CEO of Eagle Eye, commented on the agreement, highlighting the importance of the collaboration: "Being selected by one of the world's largest enterprise software vendors for this multi-year, global agreement underlines our leading position in enterprise-grade, personalised, real-time loyalty at scale. We are excited by the opportunity to support further major brands in their loyalty programmes, accelerating our entrance into new sectors and geographies."
This strategic move is expected to facilitate Eagle Eye's expansion into new sectors and geographies, offering a substantial opportunity for growth. The partnership underscores the company's capabilities in delivering enterprise-scale, real-time loyalty solutions that can be personalized for the world's largest brands across various sectors.
The information in this article is based on a press release statement issued by Eagle Eye Solutions Group PLC.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.