Boardwalktech expands, extends contract with IT firm

Executive Summary

• Boardwalktech Software Corp. has expanded and extended its contract with a leading global IT services firm to support a top-five U.S. financial institution.
• The expanded engagement involves the broader deployment of Boardwalktech's Velocity platform across various business units within the bank, valued at over $250,000 (U.S.) for 2026.
• The contract reflects growing demand from large financial institutions to modernize Excel-based workflows into automated, compliant solutions using the Velocity platform.

Key Details

• Contract Value: The expansion is valued at over $250,000 (U.S.) for the year 2026, with potential for increased value as more processes are deployed on the platform.
• Parties Involved: Boardwalktech Software Corp., a leading global IT services firm, and a top-five U.S. financial institution.
• Platform Deployment: The Velocity platform is being deployed across various business units within the bank to transform manual workflows into automated and compliant solutions.
• Technology Focus: The solution targets end-user computing (EUC) environments, specifically transforming Microsoft Excel-based workflows into secure, collaborative, and auditable enterprise applications.
• Strategic Rationale: The expansion addresses the need for large financial institutions to modernize workflows, bring governance, risk, and compliance controls to mission-critical processes, and reduce operational risk while retaining flexibility.
• Market Validation: CEO Andrew T. Duncan described the expansion as a "strong marketplace validation" of the platform, the company's growing footprint, and additional revenue opportunities in the financial services sector.

Notable Quotes

• "Large financial institutions often rely on thousands of Excel-based workflows that were never designed to meet today's increased regulatory and operational demands," said Andrew T. Duncan, chief executive officer of Boardwalktech. "Velocity allows banks to modernize those workflows quickly and cost-effectively, without disrupting the business, while delivering the compliance, transparency and scalability regulators expect. This contract expansion is a strong marketplace validation of our platform, our growing footprint and additional revenue opportunity across the financial services sector."