Specialist mining and energy software developer ISS Group Ltd has disclosed that its European office has concluded a purchase agreement with BG International, formerly British Gas.
Nedlands-based ISS said the initial order is worth $750,000 and there is no guarantee BG will make any further purchases but it is clearly hoping that further orders will follow.
An ISS announcement is pasted below:
ISS Group Ltd - Europe Office Confirms Initial Order from BG International Ltd.
PERTH, WA - ISS Group Limited (ASX : ISS ) is pleased to announce our European office has confirmed the signing of a corporate wide multi purchase agreement with BG International Ltd (formally British Gas) for BabelFish and the Oil and Gas Application suite.
BG International Ltd has purchased initial BabelFish and Oil and Gas Suite server licenses and design services for a subset of their global sites. The initial value of these orders is approximately A$750,000. It should be noted that BG International Ltd is under no obligation to take up any further software or services under this agreement.
Brian Neve, European Operations Manager noted; "We are excited to have been selected by this major international natural gas company to have an opportunity to provide an enterprise wide solution for their information management systems. Confirmation of the order from BG International Ltd highlights the potential for ISS Group products in overseas oil and gas markets and confirms our investment strategy in the UK Oil and Gas market in particular, is paying off".
About BG International Ltd Group:
A leading player in the global energy market, BG Group is a dynamic, international natural gas business. Active in some 25 countries over five continents, BG operates four business segments - Exploration and Production, LNG, Transmission and Distribution and Power
About ISS Group:
ISS Group Ltd listed on the ASX in 2004. ISS was established in 1995 and is an information and technology company that develops and markets infrastructure and application software for the oil, gas and mineral processing industries.
