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

Week 17 Wrap: BHP-Anglo deal helps push down ASX; US data of concern but AI bulls happy

The big thematics and headlines that drove the ASX this week, plus, the headlines I think…
The Market Online Video

Market Close: ASX signs off on a sigh with all sectors red-lining

The ASX200 finished 1.3 per cent down with every sector in the red and Industrials and Real Estate brittle and bruised as bot…
The Market Online Video

Market Update: ASX on red alert with all sectors below the surface

The ASX200 is trading down around 1.1% with all eleven sectors in the red. Real-estate has…

ResMed spikes on robust results and global growth spurt

ResMed shares have climbed following the release of the company's strong Third Quarter FY2024 results.