The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Cirrus Networks (CNW) renews a contract with the ACT government to provide Cisco network maintenance and support
  • Commencing immediately, the $4 million SmartNET renewal contract will run for three years
  • Under the deal, Cirrus will continue to provide its support solutions for the major Cisco IT networking system
  • Cirrus says the contract win follows a competitive tender process which saw the company demonstrate a solution with cost efficiencies and sustainable value
  • Shares in Cirrus last traded for 2.6 cents each on Monday, May 16

Managed services and IT specialist Cirrus Networks (CNW) has renewed a contract with the ACT government to provide Cisco network maintenance and support.

Commencing immediately, the $4 million SmartNET renewal contract will run for three years. Under the deal, Cirrus will continue to provide its support solutions for the major Cisco IT networking system.

Cirrus said the contract win followed a competitive tender process which saw the company demonstrate a solution with cost efficiencies and sustainable value.

“We understand the priorities for ACT Government in delivering a cost-efficient solution with demonstrated value that is competitive in the market,” Cirrus Managing Director and CEO Chris McLaughlin said.

“This is a testament to our talented Canberra team who continue to be recognised for their customer-focused approach and market-leading network management and support solutions.

“We look forward to the next three years with ACT Government and building the relationship further.”

Cirrus first partnered with the ACT government for its Cisco support solutions back in August 2019.

Shares in Cirrus last traded for 2.6 cents each on Monday, May 16

CNW by the numbers
More From The Market Online
The Market Online Video

Market Close: Consumer stocks drag market lower; Alara starts copper production in Oman

The ASX200 has closed the day down 0.15 per cent at 7724 points.
The Market Online Video

Orcoda welcomes Maree Adshead as Non-Executive Director

Orcoda (ASX:ODA) has welcomed Maree Adshead as an independent Non-Executive Director.

Cynata Therapeutics advances Phase 2 trial for high-risk aGvHD treatment

The market has responded favourably to Cynata Therapeutics' announcement regarding its Phase 2 clinical trial on…
The Market Online Video

Market Update: ASX trades flat as materials leads the market

The ASX200 is trading flat this afternoon, up just .10 of a per cent in line…