28/01/2009 - 11:54

ASG Group wins $30m worth of contracts

28/01/2009 - 11:54

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Perth-based IT services provider ASG Group has secured several new contracts valued at $30 million with both new and existing customers including the Department of Prime Minister and Cabinet.

Perth-based IT services provider ASG Group has secured several new contracts valued at $30 million with both new and existing customers including the Department of Prime Minister and Cabinet.

 

The announcement is below:

 


IT services provider ASG Group (ASX: ASZ) is pleased to announce that it has secured new contracts with a total value of approximately $30 million.

The contracts are multi-year, multi-million dollar agreements with both new and existing customers.

The new contracts were secured across each of the company's operating regions reflecting continued strong demand for ASG services group wide.

The contracts include:

- 3 year contract for provision of IT Managed Services support for Symbion Pharmacy Services

- IT support for the National Museum of Australia and National Capital Authority

- Provision of IT services to IP Australia

- Project engagements with the Department of the Prime Minister and Cabinet, the Australian Government National Water Commission and Old Parliament House

- Provision of IT services to Airservices Australia.

ASG Managing Director Geoff Lewis said the latest contracts demonstrated the company's ability to secure new business in difficult economic conditions.

"Despite the global financial crisis, we are continuing to secure significant projects with a range of blue chip clients," said Mr Lewis.

"While some of these new contracts represent extensions to existing contracts, the majority are with new customers, confirming our continued ability to win new business.

"ASG has a very good reputation in both corporate and government sectors and our ability to reference existing clients when bidding for new business is providing us with added strength in this market."

Mr Lewis added that ASG's business model was designed to operate effectively in an economic down cycle.

"These new contracts further reflect the strength of ASG's cumulative revenue model which relies upon long term multi-year contracts with organisations that utilise ASG's services to run their ongoing operational systems and which are core to their business," he said.

"These ongoing contracts continue to form the backbone of our business, ensuring that approximately 70% of our revenue rolls on to each successive business year."

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