Damstra extends and expands its contract with Coronado Global Resources Inc

Jun 28, 2023

Damstra Holdings Limited (ASX: DTC) has announced extending its agreement with Coronado Global Resources Inc., which protects and connects the world through its Enterprise Protection Platform (EPP). The agreement, which includes three one-year options, signifies Coronado's upgrade from Damstra's legacy platform to the new EPP. The scope of the agreement encompasses approximately 2,500 users, and the revenue generated will be on an annual recurring basis (ARR).

Effective 1st July 2023, the agreement enables Coronado to explore additional offerings from Damstra, such as forms, workflow solutions, and hardware products, which will be evaluated through trials. Any costs related to implementation and training will be provided as separate services, compensated based on a pre-established day rate. The initial three-year agreement, with potential expansion, has an estimated contract value of AU$1.2 million.

 

 

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