Digital technology transformation company Empired (ASX: EPD) does a lot. In a nutshell, the international tech company helps organisations transform and evolve through the best Microsoft technology enabling improved customer experiences, engaged staff and optimisation of cloud technologies.
The Company has today announced that they have secured a $9 million contract with the Department of Skills and Innovation (DIS) in South Australia. The contract is for an initial term of two years and work will commence next month. Payment will be split across FY22 and FY23.
The government department is dedicated to supporting innovative ideas and businesses to aid in the expansion of the South Australian economy by increasing the state’s productivity growth rate.
Empired managed to win the contract with a consortium of South Australian providers, demonstrating the skill and talent available within the state that the Department seeks to nurture.
The Company will provide the Department with a range of services including program management and digital and data services to replace and modernise core systems.
“We are delighted to have been selected by DIS as their primary digital transformation partner and are excited to work closely with the department over the coming years to modernise and extend the range and accessibility of digital services provided by the department” Russell Baskerville, Managing Director and CEO said.
“The Australian East Coast is a critical market in Empired’s growth story and this contract represents a fantastic win in that journey. With Australian East Coast sales results forecast to be up greater than 50% in FY21 compared with the prior year, I’d like to take this opportunity to thank all of the Empired team for an incredible result this year.”
Regional Sales Manager in South Australia, Jeremy O’Donohue said: “South Australian Government has backed Australian and South Australian businesses to deliver on what will be a critical technology and business transformation. The Empired solution represents a best-of-breed blueprint for public sector digital transformation, covering digital solutions, portals, stakeholder engagement, integration, data management and analytics.”
For the Half-Year ended 31 December 2020, Empired reported a 107% increase in EBITDA to $16.2 million and a strong cash position with $6.9 million in the bank.
Samantha Freidin is a business journalist at Emerald Financial whilst also completing a Masters of Marketing and Digital Communications at Monash University.
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