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Micro Focus did not say how much the deal was worth but it has issued warrants to Amazon that would give it access to shares in the company worth £71million.
Striking any partnership with Amazon will be good for the company’s prestige, however, particularly as it will be offering a service that is in increasingly high demand.
Stock Watch - Smart Metering Systems
Smart Metering Systems rose after deals with two fast-growing – though unnamed – small energy providers.
It also announced it snapped up 15,000 devices from a group called Industrial and Commercial, for £8.3million.
And it will take over data service contracts for another 20,000 smart meters, which will generate an extra £2million each year.