ASG wins Clough cloud deal

Australian IT services group ASG has inked a multimillion-dollar outsourcing deal with fellow listed engineering company Clough to "transform the firm's IT platform" in pursuit of annual additional revenue of $7 million to $9 million. The contract includes a cloud-based ERP system and other scalable enterprise systems.

By InvestSMART · 20 Aug 2013

By InvestSMART ·
20 Aug 2013

Comments

Go to Google News, then click "Follow" button to add us.

Share this article and show your support

Frequently Asked Questions about this Article…

What is the ASG-Clough deal announced in the article?

ASG, an Australian IT services group, has signed a multimillion-dollar outsourcing deal with listed engineering company Clough to transform Clough’s IT platform.

How much additional revenue is ASG targeting from the outsourcing deal with Clough?

The contract is being pursued to deliver annual additional revenue of about $7 million to $9 million for ASG.

What technology is included in the ASG and Clough contract?

The contract includes a cloud-based ERP system and other scalable enterprise systems as part of the IT platform transformation.

Who are the companies involved: ASG and Clough?

ASG is described in the article as an Australian IT services group, and Clough is identified as a listed engineering company entering the outsourcing arrangement with ASG.

Is the agreement between ASG and Clough an outsourcing deal?

Yes — the article calls it a multimillion-dollar outsourcing deal focused on transforming Clough’s IT platform.

What does a cloud-based ERP system mean in the context of this deal?

According to the article, the contract specifically includes a cloud-based ERP system, meaning the enterprise resource planning solution will be delivered via the cloud as part of the IT transformation.

How might this deal affect ASG’s reported performance moving forward?

The article notes ASG is pursuing an additional $7 million to $9 million in annual revenue from the contract, indicating the deal is intended to contribute to ASG’s top-line growth.

Why should everyday investors pay attention to the ASG-Clough outsourcing agreement?

Everyday investors in ASG or Clough may find the deal relevant because it involves a multimillion-dollar outsourcing arrangement, a cloud-based ERP implementation, and an explicit target of $7–9 million in additional annual revenue for ASG.