Local IT services firm Empired has won a managed services contract worth at least $9 million from state-owned Horizon Power.
Empired will provide its managed services to Horizon’s network, security, cloud, infrastructure, and core business applications.
The contract is for an initial three-year term and includes two one-year extension options. It is expected to generate $3 million in revenue each year.
“The energy market is changing rapidly, and we look forward to playing a pivotal role in Horizon Powers’ digital transformation as it seeks to embrace new technologies to meet the changing needs of their clients,” Mr Baskerville said.
Earlier this year, Empired won a $52 million contract from the Victorian government to provide services to the state’s environmental authority.
The company is currently the subject of a $233 million takeover by international consulting firm Capgemini Australia.
Empired’s shares were down 0.4 per cent at 1:40pm AEST to trade at $1.32.