ICT services provider CSG (ASX: CSV) has added a stack of South Australian government agencies to its managed services contract list.
CSG was selected as a prime contractor for the provision of enhanced server management and support services for five agencies. It had conducted an extensive request-for-tender process in December last year.
Total revenue in South Australia from these contracts and other project work is expected to exceed $12 million in the next financial year.
“These contracts represent our commitment in growing our IT Services business in South Australia” CSG general manager of managed services, Brian Lee, said. “As a result we have recently opened a new office in Adelaide to cater for the growing number of locally based staff required to deliver our high quality of services required for these contracts.”
The service provider has already engaged 30 staff to support this business and it is set to grow during the next 6 months
CSG also welcomes National Australia Bank (NAB) into a banking syndication arrangement with the Commonwealth Bank of Australia. NAB is providing a $25m facility as part of the syndicate increasing CSG’s funding diversity and increasing head room under its current facilities, which have two and a half years to run.