COSOL Limited’s (ASX:COS) wholly-owned subsidiary COSOL Australia Pty Ltd has been awarded a contract with Urban Utilities to provide application and system support services.
Urban Utilities is the largest drinking water and wastewater service provider to residential and business customers in south-east Queensland.
COSOL contributed to implementing Urban Utilities recently completed enterprise asset management digital transformation project which saw Urban Utilities upgrade its asset management, finance and interconnected systems to support its business now and into the future.
That work included the use of COSOL’s proprietary digital IP data migration platform, RPConnect, which enables the rapid and cost-efficient data migration to the next generation of enterprise software.
COSOL has now been engaged to provide ongoing application and system support services to drive further efficiencies from Urban Utilities’ investment in its enterprise asset management systems.
COSOL Australia CEO, Scott McGowan, said this new work for Urban Utilities is valued at $2.148m over a 12 month term.
The COSOL team is proud of its productive relationship with Urban Utilities in the past and this new opportunity to deliver quality and cost- effective digital products and services to Urban Utilities,” Mr McGowan said.
“This award provides further opportunity to demonstrate COSOL’s compelling strategic value proposition. This contract and the recently awarded work for the Australian Defence Force will make a significant contribution to FY21 revenue, and is a terrific start to the financial year.”
