Sword Group: Signature of major contracts with the European Commission - Backlog Increase of Euro 60 million

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Sword Group - Signature of major contracts with the European Commission The Belgian subsidiary, Sword Technologies, wins 3 new contracts with the Directorate General ofInformatics (DIGIT) of the European Commission Backlog Increase of Euro 60 ...

Sword Group - Signature of major contracts with the European Commission
 
The Belgian subsidiary, Sword Technologies, wins 3 new contracts with the Directorate General of Informatics (DIGIT) of the European Commission
 
Backlog Increase of Euro 60 million
 
Sword Technologies S.A, a Sword Group Company, as a member of the Eurora Nova consortium, has signed 2 framework contracts with the Directorate General of Informatics (DIGIT) for providing services in the European Commission with a total budget value of €450 million.
 
The contracts concern consultancy services related to IS conception,
development and implementation in Belgium (DIGIT-TM Lot 1) and the administration and support of information systems and ICT configurations for all Commission sites (DIGIT-TM Lot 4).
 
The external service provision (ESP) for development, consultancy and support in the field of information systems (DIGIT-TM) framework contracts are considered the most significant ESP contracts in the European Commission.
 
Sword Technologies foresees a revenue in the order of €40 million for the next 4 years from these contracts.

« Sword is successfully delivering services to the European Commission under the current ESP contracts for many years now, and our hard work is acknowledged once again by signing contracts in Lot 1 and Lot 4 and giving us the opportunity to be present to all Commission's Agencies and Institutions. Sword Technologies is recognised as a key player in providing services for the European Commission and this win is a big step towards establishing this position in the following years. », said Dieter Rogiers, Managing Director of Sword Technologies.

Sword Technologies S.A, has also signed, as a member of the S-Cube consortium, a 3rd framework contract with the Directorate-General for Informatics (DIGIT) for providing a broad range of fixed-price IT services
in the area of Information Systems development, consultancy, implementation, studies and support to the European Commission, Agencies and bodies.

With a total framework contract value of €208 million, the estimated revenue for Sword Technologies is in the order of €20 million over the next 4 years.

Most of the services will be delivered from Athens, Greece, where the delivery centre of Sword is established.

DIGIT-XM is considered a key procurement procedure of the European Commission, being the largest that refers to off-site IT services offered to a long list of EU participating institutions, agencies and bodies.

Dieter Rogiers, said: « We are delighted with this award which confirms the position of Sword among the leading companies in the very competitive and
demanding sector of fixed-price IT services' provision to the EU institutions. »

About Sword Group
Sword has 2,000 IT/Digital & Software
specialists present over 5 continents to
accompany you in the growth of your
organisation in the digital age.
As a leader in technological and digital
transformation, Sword has since 2000
acquired a solid reputation in software
publishing and in complex IT & business
project management.
With Sword you have the guarantee of strong
close and qualified local commitment, the
aim of which is to optimise your processes
and data.
 
 
Agenda
14/11/18
Payment of an exceptional dividend
24/01/19
Publication of 2018
Fourth Quarter Results
 
 



This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SWORD Group via Globenewswire

Source(s) : SWORD Group

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