IDE Group Holdings plc announced that it has signed a significant new contract with an existing customer within its partnership channel (the "Contract"). Under the terms of the Contract the partner has committed to procure services from IDE to a value of £22.5 million over the next three years, with the opportunity to extend for up to another two years if the commitment is not met. The £22.5 million is in addition to the existing circa £5 million per annum of revenue contracted with the partner. The Contract was awarded based on the excellent service provided by IDE to the partner over the years together with a commitment from IDE to reduce the cost of services across the partner's customer base.