Indonesia's currency meltdown is causing hiccups for software company Mincom, but any Asian pain has just been eased by a record contract with Boeing.
Under a multimillion dollar, multiyear deal, Boeing will implement Mincom's integrated suite of asset management software in its Seattle-area manufacturing plants, employing 90,000 workers. Longer term, the contract opens the door for Boeing to standardise on Mincom's MIMS Open Enterprise suite in the 90 plants it operates across North America.
The software acquisition from the Brisbane company was driven from the US and had no link with Boeing's decision last year to relocate its Australian headquarters, a Boeing spokesman said.
Boeing is replacing an in-house system with MIMS Open Enterprise, the latest version of Mincom's flagship product which has sold about $100 million since being launched last year. The software will allow Boeing to manage operations, maintenance and materials in its commercial jetliner manufacturing facilities.
With the Boeing win, Mincom is on track for revenues of $160 million this financial year, up 40 per cent from last year. Of that, more than half is export-oriented. Mincom's CEO, David Merson, forecast that profits will double this year, a sign that Mincom's long-awaited public float is prob-ably not much more than six months away.