Workforce management firm ComOps has secured a two-year, $3 million deal to extend its contract with Sydney Trains.
ComOps on Tuesday said it had re-signed a long-term contract with Sydney Trains for another two years, with an option for an additional one-year extension.
The contract is valued at $1.5 million per annum.
Sydney Trains employs ComOps’ Microster product to roster its 8,000 customer service, maintenance and operations staff.
It has used ComOps since 2006, and the company says it has made a number of enhancements to the technology over the last 12 months, which it believes give it a major competitive advantage.
ComOps, listed on the ASX, said the Sydney Trains contract greatly enhances its predictable monthly recurring revenue stream.
“ComOps continues to grow its base of predictable, recurring revenue streams with blue chip customers such as Transport NSW,” chief executive officer Chris Fydler said. “Recurring revenue now accounts for almost 65% of our total revenue base.”
The $3 million extension with Sydney Trains comes after ComOps secured a five-year, $1 million contract with the NSW Government bus operator State Transport Authority in May.