Highlights
• Letter of Intent for 3 year Managed Service
Continued success as service provider of choice in the mining and resources services
sector
Cirrus Networks Holdings Limited (“Cirrus” or the “Company”) (ASX: CNW) today announces
that leading equipment solutions provider Emeco Holdings Limited (“Emeco”) has 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 has 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 has responded to this opportunity. Their
team has been very engaged and focused on providing Emeco an innovative solution”.
CNW Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
