Business
NTG Clarity Signs a Framework Agreement for Outsource/Offshore Services with an Estimated Value of $3 Million CAD
(TheNewswire) Toronto, ON – TheNewswire - May 16, 2022 / N...
About this update from Ntg Clarity Networks Inc.
[{"type":"text","content":"NTG Clarity Signs a Framework Agreement for Outsource/Offshore Services with an Estimated Value of $3 Million CAD\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n Toronto, ON –\n \n \n TheNewswire -\n \n \n May 16, 2022 / NTG Clarity Networks Inc.\n(TSX.V:NCI);\n \n \n NTG Clarity is pleased to announce\nthat it has signed a 7-month renewable Framework Agreement for\noutsource and offshore resources for a digital factory with a leading\nbank in the Gulf Region. We will provide resources in most IT\ndisciplines, with a focus on specialized skills such as full stack,\nmobile app, UI/UX, and QA developers, as well as Product Managers.\nOnce all of the resources are onboard, the annual income is estimated\nto be $3M CAD and the estimated expenses for this revenue are expected\nto be $2M CAD.\n \n \n \n This renewable agreement is with a different department within the\nsame customer whose $3.5M agreement was previously announced in\nJanuary 2021. This brings the estimated total value for these two\nagreements to $6.5M, once all resources are onboard.\n \n \n “It is important to recognize that this will be one of the largest\ncontract values in the history of NTG Clarity, validating\nmanagement’s strategy of expanding our services in digital\ntransformation specially with the financial sector to achieve growth\nand profitability.\n \n \n This affirms the continued recognition of the NTG brand as a provider\nof high quality, competitively priced resources and services both with\nour existing customers, and new ones in diverse sectors. In 2022, we\nlook forward to capitalizing on this brand recognition and to further\nexpand the reach of our offshore services.” said Kristine Lewis, NTG\nClarity’s President.\n \n \n \n About NTG Clarity Networks\nInc.\n \n \n \n NTG Clarity Networks’ vision is to be a global leader in providing\nnetworking solutions. As a Canadian company established in 1992, NTG\nClarity has delivered networking, IT and network enabled application\nsoftware solutions to network service providers and large enterprises.\nMore than 325\n \n \n network professionals\nprovide design, engineering, implementation, software development and\nsecurity expertise to the industry’s leading network service\nproviders and enterprises.\n \n \n \n Forward Looking Information\n \n...