Nasstar secures 'significant' contract win

AIM-listed Nasstar has secured a three-year contract to deliver a fully managed public/private Hybrid cloud solution to a global workforce of 1,000 users, which is expected to generate at least £2.1m of revenues.

The contract, which could generate as much as £3.3m of revenues if client user numbers remain as they are today, will go live during a phased migration project which is expected to be fully complete by the end of June next year.

The company, which provides hosted managed and cloud computing services, said the contract further ratifies its “leading approach and innovation” in Hybrid cloud solutions.

Nasstar will deliver a fully managed service to the 1,000 users that integrates Microsoft's public cloud solutions with the Nasstar private cloud hosted desktop. This is made possible because the group holds a tier one agreement to sell Microsoft's cloud offerings and has Shared Computer Activation (SCA) accreditation.

Chief executive officer Nigel Redwood said: "This represents a significant win for Nasstar which was made possible by our innovation in developing a comprehensive managed service business, embracing both the public and private cloud offerings to deliver the best of both worlds to our clients. The investment we have made in our 24x7 capabilities, not only in support but also in projects, was a significant factor in enabling Nasstar to meet the demands of a global business such as this.

“A contract of this size is testament to our growing ability to service larger clients and a further endorsement of the 'Nasstar 10-19' programme.”

At 1010 GMT, the shares were up 7.3% to 11p.