1Spatial awarded multi-year framework deal as part of consortium.


Location technology company 1Spatial announced the award of a new multi-year framework agreement by Land and Property Services (LPS) in Northern Ireland, in conjunction with a consortium led by Version1, to support the Department of Finance's ongoing digital transformation programme.

  • 1Spatial
  • 18 April 2024 17:20:06

Source: Sharecast

The AIM-traded firm said the consortium was awarded the ‘NOVA Programme Integration Partner’ contract, which is a three-year framework agreement aimed at delivering digitally-integrated solutions, systems and outcomes to enable LPS to meet its strategic goals.

1Spatial would be the spatial consultant for the project, delivering location master data management capability, via a combination of 1Spatial's technology and services.

The framework was for an initial three-year period, with two optional extension periods of two years each.

As it is a framework agreement, there was no contractually committed value, but the initial financial commitment of the framework would be confirmed following a scoping period.

“I'm thrilled to announce another significant multi-year framework agreement to support a governmental digital transformation programme, in conjunction with our partner Version1,” said chief executive officer Claire Milverton.

“This is an exciting contract supporting the Northern Ireland Department of Finance's far-reaching NOVA programme.

“The win proves our strong partnership approach, and our ground-breaking technology as a key enabler for the end solutions.”

At 1552 BST, shares in 1Spatial were up 1.23% at 41p.


N/A

ISIN: N/A
Exchange: N/A
Sell:
N/A
Buy:
N/A
Change:
Date:
Prices delayed by at least 15 minutes

Compare our accounts

Whether you're looking for a Share Dealing Account, Stocks and Shares ISA or a Self-Invested Personal Pension (SIPP), we've got an account to suit your needs..

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.