IRI.ASX: Material Contract Secured

Material Contract Secured

Stock	Integrated Research Ltd (IRI.ASX)
Release Time	20 Mar 2025, 12:51 p.m.
Price Sensitive	Yes

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Integrated Research Secures $9.8M Contract Renewal with JP Morgan Chase

Key Points

USD $6.23 million (AUD $9.80 million) renewal contract secured with JP Morgan Chase
Binding 5-year contract for IR's Transact & Infrastructure product
Demonstrates ongoing value of IR's technology for large enterprise clients

Full Summary

Integrated Research Ltd (ASX:IRI) has announced a significant contract renewal with JP Morgan Chase, the largest bank in the US. The contract is valued at USD $6.23 million, or AUD $9.80 million (based on the exchange rate as of the date of the release), and is a binding 5-year agreement for IR's Transact and Infrastructure product. This product is the core component of IR's engagement with JP Morgan Chase. The 30-year relationship between IR and JP Morgan Chase demonstrates the significant and ongoing value of IR's technology for large enterprise clients. As JP Morgan Chase's business and technology have evolved, IR's Transact and Infrastructure product has evolved with it to remain a relevant and trusted component within the bank's critical payments technology ecosystem.