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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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.