Damstra Holdings Ltd’s (ASX:DTC) subsidiary Damstra Technology Pty Ltd has signed an extended multi-year Master Services Agreement (MSA) with existing customer NBN Co Limited, Australia’s national wholesale broadband provider with potential to extend to 2027.
Under the terms of the contract, Damstra will continue to provide its workforce management platform, designed and branded for nbn as enAble to all 25,000 workers of nbn along with nationwide contractors.
This new MSA has an initial term of three years and includes three one-year extension options for nbn, with the potential to extend to 2027.
Total estimated revenue for Damstra over the full life of the contract is anticipated to be up to $7 million.
The company will receive $5 million out of the expected total revenue as a monthly fee while the remainder will be variable based on expected platform usage.
“Developing and evolving enAble”
Damstra CEO Christian Damstra said: “We are very pleased to announce the signing of this MSA with nbn; already a valued customer of Damstra.
“We are proud of the work we have put into developing and evolving the enable platform and this agreement clearly demonstrates the confidence nbn has in Damstra’s ability to provide critical services for their workers and contractors across Australia.
“We look forward to continuing the relationship with nbn for many years to come.”
New technology enhancements
The enAble platform is a leading workforce management platform that can store workers’ and contractors’ skills and competencies, host online training and provide real-time information about nbn accreditations with auditing capability.
Damstra’s management of the enAble platform ensures that all nbn workers and contractors have the requisite skills and competencies to carry out work on the nbn network.
Ongoing investment in the enAble platform has provided access to a range of new technology enhancements for nbn including sophisticated reporting tools and the ability to communicate more effectively with workers and contractors.
The next stage in the enAble platform’s evolution is transition to digital ID cards, which is expected to provide nbn with further processing efficiencies, enabling contractors in the field to deliver nbn services faster to their clients.