IT services provider, CSG Limited (ASX:CSV), has finalised a $65 million deal with the Victorian government to create an online portal for school students.
The deal was all but confirmed in late May when CSG was named the preferred tenderer to build the Ultranet.
Under the terms of the contract, CSG will deliver the Oracle-based and centrally-hosted Ultranet to all government schools in Victoria within two years for $47.5 million.
An additional $17.1 million will be spent on providing application hosting, software maintenance, disaster recovery and helpdesk services for a further two years.
CSG said the software was provided thanks to Oracle’s strong relationship with CingleVue, a company acquired by CSG in October 2008.
CSG CEO, Denis Mackenzie, said the deal was a major coup for the company and it was the first true enterprise solution deployed in the P-12 education space.
“It represents our largest multi-year contract in the Enterprise Services division. I believe this will also open up significant opportunities in education around the country,” he said in a statement.