Local video technology provider Espial (TSX:ESP) says it’s landed a deal to help one of its existing European customers add more features to its offerings.
Under the agreement, Espial will provide engineering and delivery services to Portugal’s NOS as the media company – which has more than 1.6 million television customers – works to more effectively monetize its video services.
Espial previously touted NOS as a customer in earnings calls with investors. The value of the latest contract was not disclosed.
“NOS has demonstrated that they are willing to lead and innovate, and we’re excited to be part of this,” Espial CEO Jaison Dolvane said in a statement.
Espial makes software and interactive platforms for video service providers. Its offerings include the ability to blend web, live TV, video-on-demand and other features to help pay TV operators compete against new entrants such as Netflix and Amazon.
Last week, the Ottawa-headquartered firm – which also has R&D centers in Seattle, Montreal, Silicon Valley, Cambridge and Lisbon – reported its second-quarter revenues jumped 72 per cent to $7.8 million. However, its net loss deepened to $3.8 million, compared to $2.9 million a year ago.
The company’s shares were up a penny, or half a per cent, to $2.03 in late afternoon trading on the Toronto Stock Exchange Wednesday.