Monday, 12 July 2010
Leading Australian owned ICT services provider CSG (ASX: CSV) is pleased to announce they have recently signed several managed services contracts with a number South Australian Government Agencies.
After commencing an extensive RFQ process in December 2009 with 7 Government Agencies, CSG was selected as the prime contractor for the provision of enhanced server management and support services for a total of five agencies.
“These wins are a significant accomplishment for CSG and we look forward to building a long and successful relationship with the South Australian Government” says Denis Mackenzie, CSG’s Managing Director.
“These contracts represent our commitment in growing our IT Services business in South Australia” says Brian Lee, CSG Group General Manager, Managed Services. “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.” he says.
Total revenue in South Australia from these contracts and other project work is expected to exceed $12M in the next financial year, and CSG has already engaged 30 staff to support this business with this number expected to grow during the next 6 months. The managed services contract panel has a further 3 years to go.
CSG also welcomes National Australia Bank 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.