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

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Frequently Asked Questions about this Article…

What is the ASG and Clough outsourcing deal about?

The deal is a multimillion-dollar outsourcing agreement in which Australian IT services group ASG will transform Clough's IT platform, aiming to generate additional annual revenue of $7 million to $9 million.

Which companies are involved in the IT outsourcing contract?

The contract is between ASG, an Australian IT services group, and Clough, a fellow listed engineering company.

How much additional revenue is the ASG–Clough deal expected to deliver?

The article states the deal is pursuing annual additional revenue of between $7 million and $9 million.

What specific technology solutions are included in the contract?

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

Is the ASG and Clough agreement described as multimillion-dollar?

Yes, the article describes the arrangement as a multimillion-dollar outsourcing deal.

What does 'transform the firm's IT platform' mean in this agreement?

In the article's description, transforming the IT platform refers to ASG implementing a cloud-based ERP and other scalable enterprise systems for Clough as part of the outsourcing contract.

What financial detail did the article highlight for everyday investors?

The key financial detail mentioned is the target of an extra $7 million to $9 million in annual revenue resulting from the outsourcing contract.

Does the contract focus on cloud solutions or on-premise systems?

The article specifies the contract includes a cloud-based ERP system, indicating a focus on cloud solutions alongside other scalable enterprise systems.