Damstra (ASX:DTC) inks agreements with Foxleigh Mine and Stanwell Corporation

• Damstra (DTC) signs agreements with Foxleigh Mine and Stanwell Corporation
• Both companies will adopt Damstra’s Enterprise Protection Platform (EPP) to bolster efficient employee and contractor management
• The transition from legacy platforms to the advanced EPP solution marks Damstra’s commitment to meeting customer demands and retiring outdated systems
• The contracts cover approximately 3000 users, providing annual recurring revenue of $375,000
• Damstra is up 13.6 per cent, trading at 12.5 cents at 12:29 pm AEST

Damstra (DTC) has signed key agreements with Foxleigh Mine and Stanwell Corporation.

Under these agreements, both companies will implement Damstra’s cutting-edge Enterprise Protection Platform (EPP) to optimise employee and contractor management processes.

The contracts cover approximately 3000 users, providing annual recurring revenue of $375,000 for Damstra.

The shift to EPP enables these organisations to enhance operational efficiency, streamline processes, and improve overall compliance.

“This further validates our past R&D investment in the EPP platform to meet the strong demand from our customers and our strategy to retire legacy platforms,” DTC CEO Christian Damstra said.

Damstra shares were up 13.6 per cent, trading at 12.5 cents at 12:29 pm AEST.