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Parity wins three-year broadband contract with Scottish Government
1st Feb 2021 16:26
(Sharecast News) - Data and technology-focussed professional services company Parity announced the award of a three-year contract with the Scottish Government on Monday.
The AIM-traded firm said it had been appointed as the government's digital technology resources partner to support the delivery of the 'Reaching 100%' (R100) superfast broadband infrastructure programme.
It said the R100 programme would build on the Scottish Government's commitment that every home and business across Scotland should be able to access superfast broadband, following achievement of its previous target to ensure availability of fibre broadband access to at least 95% of Scottish premises, to which Parity also provided digital services.
Under the new contract Parity would provide a managed service supplying digital technology skills for the R100 programme's project management office and deployment management function to ensure an efficient build-out of the superfast broadband infrastructure.
The board said the award represented a total opportunity of up to £5m over the next three to six years for Parity, strengthening its order book and providing further visibility to underpin its current expectations for group performance over the period.
"This contract win is testament to our deep expertise and experience in this area and our ability to flexibly address the challenges facing major institutions as they undergo digital transformations, providing us with further confidence in our strategic focus and vision for the company," said chief executive officer Matthew Bayfield.
At 1404 GMT, shares in Parity Group were up 34.05% at 12.4p.
The AIM-traded firm said it had been appointed as the government's digital technology resources partner to support the delivery of the 'Reaching 100%' (R100) superfast broadband infrastructure programme.
It said the R100 programme would build on the Scottish Government's commitment that every home and business across Scotland should be able to access superfast broadband, following achievement of its previous target to ensure availability of fibre broadband access to at least 95% of Scottish premises, to which Parity also provided digital services.
Under the new contract Parity would provide a managed service supplying digital technology skills for the R100 programme's project management office and deployment management function to ensure an efficient build-out of the superfast broadband infrastructure.
The board said the award represented a total opportunity of up to £5m over the next three to six years for Parity, strengthening its order book and providing further visibility to underpin its current expectations for group performance over the period.
"This contract win is testament to our deep expertise and experience in this area and our ability to flexibly address the challenges facing major institutions as they undergo digital transformations, providing us with further confidence in our strategic focus and vision for the company," said chief executive officer Matthew Bayfield.
At 1404 GMT, shares in Parity Group were up 34.05% at 12.4p.