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Nasstar surges after landing significant contract win

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
Cloud computing
Nasstar is one of only a few Microsoft partners to have "Shared Computer Activation" accreditation

Shares in Nasstar Plc (LON:NASA) surged after the cloud computing specialist announced a significant contract win.

The three-year contract with a global media company is to deliver a fully managed public/private hybrid cloud solution to a global workforce of 1,000 users and is expected to generate at least £2.1mln of revenues over the three-year term, with up to £3.3mln of revenues possible if client user numbers remain as they are today.

READ: First-half revenues surge at Nasstar as new strategic plan starts to kick in

The contract will go live during a phased migration project that is expected to be fully complete by the end of June 2018.

"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,” said Nasstar’s chief executive, Nigel Redwood.

READ: Nasstar on track in 2017

Shares in Nasstar were up 7.3% at 11p in the first half-hour of trading on Tuesday.

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