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IPS Securex Holdings Secures Major Deal For Bio-Nexus Software Solution
Daily Bulletin | 02 December 2015
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IPS Securex Holdings has received a letter of appointment (LOA) from Bio-Nexus as a subcontractor for the deployment and maintenance of Bio-Nexus’ Care-Nexus software system at the Visy Group’s Chicago site as well as at 15 additional sites of the Visy Group.

The Visy Chicago Project comprises three modules and the project value for the first module is US$0.6 million, while the remaining two modules are expected to be deployed over the next 24-36 months. Under the LOA, Bio-Nexus will pay IPS Securex 20 percent of the project value as its subcontractor and a yearly service level agreement fee of 12 percent of the project value upon the fulfillment of certain service level standards.

IPS Securex Hldgs  -- -- --   
Business: Provides of security products & security IT solutions. [FY18 Turnover] Maintenance & leasing (56.2%), security solutions (43.8%).

Insight: May-19, 9M19 revenue fell 7.8% with lower revenue ... Read More


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