The Hansen Technologies (ASX:HSN) share price is hitting a 52-week high

An update from Hansen Technologies Limited (ASX: HSN) has propelled the company’s share price to a 52-week high today. At the time of writing, the billing software provider’s shares are trading 17.2% higher to $4.91. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) has swung into the negative, down 0.1%.

New contract, who this?

After the market closed yesterday, Hansen Technologies snuck in an announcement that contained uplifting information for shareholders.

As previously reported this morning, the company signed a significant agreement with German-based Telefonica. The agreement entails Telefonica using Hansen’s Cloud Native Communications product suite.

Furthermore, the important details of the agreement are the 5-year fixed…