Enea signed a three-year expansion agreement for Mobile Messaging Security with a North American Communication Platform-as-a-Service (CPaaS) provider. Enea will provide software and services to protect Application-to-Person (A2P) traffic from security threats. The agreement, which covers increased capacity with an existing customer, includes software licenses and threat intelligence services, as well as support and maintenance.

Software licenses worth USD 1.8 million are recognized in the third quarter of 2022, while remaining revenues will be recognized over the full contract period. The new agreement generates an increase in recurring revenues of USD 2.4 million during the contract period. The total deal value is USD 5.9 million.