MOQdigital lands $12M deal with Enzen Australia

MOQdigital (ASX:MOQ) has landed a five-year $12 million contract with Enzen Australia to design, build and operate a customised infrastructure platform for one of its clients.

The five-year contract also comes with three one-year extension options, potentially valuing the deal at $15 million. About 70 per cent of the potential value of the contract period consists of recurring revenue for the company, MOQ said in a statement to shareholders. 

MOQ Limited CEO Joe D’Addio said the engagement capitalised on the core skills and services within its integration business. Enzen specifically focuses on the energy and water sector, providing consulting, technology, engineering and innovation services.

“Importantly, we have established a relationship with Enzen Australia, whose offering and service set is very complementary to MOQdigital’s. We believe that there is great potential to grow this partnership by initially delivering an exceptional outcome for Enzen and exploring other joint opportunities,” D’Addio said.

Enzen CEO, Dileep Viswanath, added a key factor in Enzen’s success was partnering with highly capable organisations that not only have the skill level and capacity to deliver complex work programs, but also share common values around people, culture and the delivery of positive customer outcomes. 

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