ASG Group has secured an initial five-year managed services contract valued at AU$35 million with CIMIC, an international contractor in telecommunications, engineering and infrastructure, building and property, mining and resources, and environmental services industries.
Under the agreement, ASG will provide both application and infrastructure managed services supporting CIMIC's JD Edwards enterprise resource management and business intelligence suites globally. The company said it will undertake a transformation to migrate CIMIC to a "New World" as-a-service model, as well as some of the company's assets and personnel into ASG.
Other contracts the company have won in the last two months include an AU$18 million cloud contract with the Department of Communications, and an AU$15 million managed service contract with Synergy.
During its half-year earnings, ASG reported AU$5.7 million in net profit after tax, a 49.8 percent surge from the previous year's result of AU$3.8 million for the corresponding period.
At the time, ASG CEO Geoff Lewis said the growth was due to the swift take up of its "New World" service offerings.
"ASG is in the unique position of having a strong base of annuity contracts underpinning our revenue stream, complemented by unprecedented interest in our 'New World' offering by clients looking to transform their IT operations," he said.
"Over 80 percent of our new contracts are New World."
Lewis added winning the CIMIC contributes to the AU$80 million contract pipeline that currently exists for the company.