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- AD1 Holdings (AD1) has extended its Managed Service Agreement with the New South Wales Government for a further two years
- Under the contract, AD1 will host and maintain the iworkforNSW careers platform and the provisions of related digital services
- Additionally, the company has signed two new contracts with the NSW Government
- One of these new contracts is for the integration of the NSW Government cluster, Regional NSW, into the existing iworkforNSW platform
- The other is to improve the iworkforNSW platform to help jobseekers find what they are looking for easier
- Despite this news, AD1 is down 16.7 per cent at the end of the day and is selling shares for 1 cent each
AD1 Holdings (AD1) has extended its Managed Service Agreement (MSA) with the New South Wales Government for a further two years.
Under the contract, AD1 will host and maintain the iworkforNSW careers platform and the provisions of related digital services.
The careers platform was designed for the NSW Government five years ago and has delivered high levels of jobseeker attraction and engagement.
In addition to the extension of the MSA, the company has signed two new contracts with the NSW Government. One of the new contracts is for the integrate the NSW Government cluster, Regional NSW, into the existing iworkforNSW platform.
The second contract is to enhance and improve the iworkforNSW platform to allow an easier way to view the jobs online and for the jobseeker to find what they are looking for.
AD1 CEO Prashant Chandra said the company has been a trusted partner of the NSW Government for five years and this new two-year extension shows the strength in the relationship.
“Importantly for AD1, this long-term relationship continues to provide an ongoing stream of new contracts as we collaborate with the NSW Government on their iworkforNSW innovation roadmap, such as the integration of the Regional NSW cluster and functionality enhancements to the platform,” Prashant said.
“Along with our other major managed services contracts, securing a two-year partnership extension with the largest employer in Australia further solidifies the revenue foundation of the company,” he added.
Despite this news, AD1 is down 16.7 per cent at the end of the day and is selling shares for 1 cent each.
