- Letter of Intent for 3 year Managed Service
- Continued success as service provider of choice in the mining and resources services sector
17th February 2017 – Cirrus Networks Holdings Limited (“Cirrus” or the “Company”) (ASX: CNW) today announced that leading equipment solutions provider Emeco Holdings Limited (“Emeco”) had issued the company with a Letter of Intent for a 3 year outsourced IT managed service contract.
Cirrus will begin to transition the takeover of outsourced managed services effective from March 1st 2017. An intensive project will be undertaken to transition the organisation onto cloud based infrastructure which will then be supported by a proven service delivery program. The cost effective IT services will make way for a clear avenue toward greater efficiencies and innovative solutions, which ultimately will enhance Emeco’s group IT services and provide savings to their total ownership cost base. The new arrangement will assist Emeco with its integration with Andy’s Earthmovers and Orionstone and will contribute towards merger operating cost synergies.
Speaking about the new engagement Matt Sullivan, Cirrus Managing Director noted, “Cirrus has been providing IT services and infrastructure to Emeco for the past 3 years. We are delighted that Emeco have acknowledged our proven capability and entrusted Cirrus as the partner of choice to deliver their group IT services.” He further added “Emeco is a model partner. They have a progressive, innovative and growth aligned culture, which is very similar to Cirrus. We are excited at the potential mutual benefits the contract can deliver.”
Ian Testrow, Emeco Managing Director & CEO, stated “Engaging Cirrus Networks as our provider of ICT infrastructure and services allows Emeco to concentrate on integrating core business whilst having comfort our ICT infrastructure will incorporate the merged business. Cirrus Networks are aligned with our continuous improvement focus. They will work as our partner to extract cost synergies from the expanded business and will provide a strong ICT platform that will facilitate our strategic objective of widening Emeco’s value proposition. I have been very impressed with how Cirrus Networks have responded to this opportunity. Their team have been very engaged and focused on providing Emeco an innovative solution”.
For further comment and information
Mr Matt Sullivan Mr Matt Green
Chief Executive Officer Chief Financial Officer
Cirrus Networks Holdings Limited (ASX: CNW) is an IT solutions provider that helps businesses understand their technology needs to implement solutions that are world leading, best of breed, cost effective and efficient for long term operational gain. Cirrus’ innovative approach has resulted in the swift establishment of a blue-chip customer base and its success was recently recognised at the Deloitte Australia’s Technology Fast 50 Awards, where it was named in second place for 2015. This followed the second placing received in the fastest growing “Rising Star” technology company category in Australia in 2014.
The Emeco Group supplies safe, reliable and maintained equipment rental solutions to the global mining industry. Established in 1972, the business listed on the ASX in July 2006 and is headquartered in Perth, Western Australia. Emeco currently employs 254 permanent and fixed term staff and owns 431 pieces of earthmoving equipment across Australia, Canada and Chile. Emeco generates earnings from two primary revenue streams, equipment rental and maintenance services.