Cirrus Networks Holdings Limited announced that they have won a significant multi-year managed services contract with Icon Water. Cirrus was awarded the contract for the implementation and operation of the network and Information and Communications Technology (`ICT') operations environment after a comprehensive competitive tender process. Implementation is expected to commence immediately and be completed within 18 Months.

The 3-year managed service contract with two 1-year extension options will then commence as operations are handed over in a staged process during this period, with the first delivery stage in mid FY23. The overall contract comprises both fixed and variable elements and is expected to have a total contract value of circa $15.5m including a substantial managed service together with significant professional services during the implementation phase, the bulk of which will fall in FY23. Cirrus will be wholly responsible for the build and migration of Icon Water's complex ICT and network environment, and managing their network, data center, unified communications, ICT, cloud and associated security services.

Cirrus will deliver Icon Water a services model that enables the business to move forward more independently, utilizing a new service integration and management framework.