Good to see they renewed however it appears to be only $100k...

Good to see they renewed however it appears to be only $100k increase on their annual spend, based on the numbers in the announcement.
$18.4m total contract value with this extension of two years at $6.3m ($3.15m per year)
Take the new extension $6.3m off the new TCV and your left with $12.1m TCV over the last 4 years, equivalent to $3.025m per annum, IF each year was the same.

This new extension could indeed even be a decrease in their annual spend, as the last 12 months they may have spent above $3.15m and the prior years having been less than the $3.025m average.

Interesting they chose to leave the ARR increase out of the announcement. I reckon it’s gone backward