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UPDATED: Empired secures $10m managed services contract

UPDATED: Empired secures $10m managed services contract

Adds another oil and gas company to its existing contract line-up

Empired secures $10m managed services contract

Empired secures $10m managed services contract

IT services provider, Empired (ASX:EPD), has secured yet another million-dollar contract to provide managed services. In an ASX statement, it declared that it has inked a $10 million managed and professional services contract with a “global oil and gas company”.

However, the company was unable to name its newest customer, citing "not having signed off on disclosure" and "compliance issues" as reasons for being unable to do so. This announcement comes just days after the company secured a $15 million contract with InterOil and a $20 million deal with Rio Tinto.

Under the new contract Empired will provide the company with a range of infrastructure management services including workplace services, server operations, storage management, database management, network management and service desk for the company’s Australian and regional (including offshore) assets, based on a recurring monthly fee. It will last three years, beginning in April 2015.

In addition, it includes professional services such as consulting, technical and project management skills, and supply of specialist equipment to support a range of business needs like new technology deployments or upgrades, establishment of new sites, rig mobilisation or demobilisation.

Empired managing director, Russell Baskerville, said it has previously provided this company with a range of services in the past, but these contracts represent a significant increase in the technology services engagement between the companies and further extends their business relationship.

“This contract adds to our strong base of long-term, contracted recurring revenue and further fuels our ability to continue to win and deliver major strategic contracts that underpin our business model."

Baskerville said the deal also leverages Empired's broader national operation centre, bringing additional scale and capability into it.

"It strengthens our credibility going forward into the whole oil and gas sector but we're a diversified company so state government on a national scale, finance and insurance on the east coast, and the resources sector are other key growth areas for us.

"It has been an incredible run for us over these past few weeks. We've had a very healthy pipeline and we'll look to update the market accordingly with respect to furthering that success," he added.

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Tags ASXdealempiredManaged ServicesEmpired chief executive Russell Baskerville

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