Crimson Tide Wins 12-month Extension to Cadent Gas Deal

Crimson Tide (TIDE.L) secured a 12-month uplifted extension to its contract with British gas distribution network Cadent Gas. The agreement extends the software company's contract until Sept. 30, 2027, and boosts its annual recurring revenue by 4% to 486,000 pounds sterling, according to a Friday release. Cadent Gas, a longstanding Crimson Tide client, has integrated its mpro5 operational compliance platform into its workflows.