KUALA LUMPUR (Jan 2): Enterprise IT solutions provider Vetece Holdings Bhd (KL:VTC) has secured a RM12.6 million contract from a “leading Malaysian utility company” to provide human capital management cloud software subscription.

Its wholly-owned Vision Technology Consulting Sdn Bhd entered into an agreement with the undisclosed utility company for the job on Wednesday (Dec 31), Vetece said in a bourse filing.

The contract is to be delivered over four years, with the contract expected to contribute positively to Vetece's earnings over the period, the company said.

Shares in Vetece ended half a sen or 2.13% higher at 24 sen on Friday, valuing the ACE Market-listed company at RM92.12 million.