Swift Networks Group Ltd (ASX:SW1) has extended its reach in the retirement lifestyle sector with the award of a three-year contract by Illawarra Retirement Trust (IRT).
Swift sources multi-lingual global content and curates, packages and distributes it to clients’ guests through its cloud-based platform.
The company’s services include free-to-air television, pay television, telecommunications, internet, data, wireless networks and streaming video on demand.
IRT has more than 8000 clients
IRT is one of Australia’s largest community-owned seniors’ lifestyle and care providers with more than 8,000 clients.
Of these, about 3,000 reside in lifestyle communities, 3,000 are assisted in care centres and 2,500 receive home care
Under the agreement, Swift will be the exclusive provider of digital entertainment services to the group’s new lifestyle community facilities for a period of three years.
Services provider to existing facilities
A rollout of the services will begin immediately with deployment to a 75-apartment facility to start in the coming weeks.
The agreement also sees Swift become the preferred provider of its services to existing IRT Lifestyle Communities.
IRT operates more than 30 existing lifestyle facilities, providing the potential for substantial ongoing opportunities from the agreement.