Shares of Damstra Holdings (ASX:DTC), saw an increase of 15% to A$0.115.

This strong move could result in the company experiencing its best day since August 21 if the gains hold.

The software company recently announced that they have entered into a three-year agreement with New Hope Corporation, providing two one-year options for the latter.

As per the agreement, New Hope will utilize Damstra Holding’s new Enterprise Protection Platform.

It has been shared that this agreement comes with an estimated contract value of A$1.2 million.

Despite experiencing a slump of around 23% year-to-date, such developments could bring about an upturn for Damstra Holdings.

Damstra Holdings is a leading global provider of workplace management software solutions.