Listed VoIP services provider and Smart50 entrant MyNetFone has won a $20 million contract with the Tasmanian Government.
The company will provide VoIP (Voice Over Internet Protocol) services to the state government over the next three years, with the possibility of seven more, which will involve installing new infrastructure and maintaining the new systems.
The announcement of the contract comes as more businesses are moving from old phone networks to internet-based services, which are set to become more popular as the National Broadband Network continues to roll out across the country.
“This has given us a huge amount of confidence,” chief executive Rene Sugo told SmartCompany this morning.
“It’s our first government contract. It’s fantastic and now we’ll actively be looking for others as well.”
MyNetFone was founded as a dedicated VoIP service provider in 2006, and then later moved into dedicated internet services. The company has been listed since its inception.
Most recently, the company posted an earnings upgrade, with net profit after tax now expected to be between $2.75 and $3 million for the full year – an increase of 173% over the previous year’s result.
Sugo says the awarding of the contract during such a successful time gives the company more confidence to seek out new contracts and opportunities.
“We’ve got a great reference now, and not just for other contracts but for our business customers as well. If people see the fact Tasmania relies upon us for their services, that’s an endorsement and it’s going to work out well for us.”
Sugo also said Tasmania’s recent adoption of the technology proves it is viable enough to replace existing services, and that it has “reached the maturity and scalability” to service the largest public and private sector organisations.
The company now plans to open an office in Tasmania.
“The Tasmanian Government has been very easy to deal with…and overall it’s just a very good move for us. We’re very excited to get started.”