Redcentric wins major Yorkshire contract

The Harrogate-based group said the framework agreement covers local authorities, emergency services, transport and health sectors.

Analyst Andrew Darley at FinnCap said: "Redcentric has announced its selection as preferred bidder for a four-year contract win worth around £70m.

"When signed, we believe this will be the largest contract win ever for Redcentric, and reiterates the quality of service the group provides, won in a full competitive process against industry titans.

"With such a statement of confidence from the customer base, and such a scale of win, the market should now continue to appreciate the rehabilitation of the group and the positive influence of the new management team in demonstrating the quality."

Redcentric said the arrangement will connect public sector organisations across Yorkshire and the Humber region, reducing costs and enabling more efficient and integrated delivery of services.

A total of 65 organisations will be able to connect up to 3,000 of their sites through Redcentric, rationalise their existing infrastructure and achieve significant savings by doing so.

The framework ​will be​ awarded for a period of four years and has the potential to add up to £15m to £20m of incremental revenue per year. Redcentric expects to deliver between £1m and £3m of revenue from the framework in the current financial year and expect this to increase over the life of the agreement as services are mobilised and rolled-out across the Yorkshire and Humber region.

Chris Jagusz, ​c​hief ​e​xecutive of Redcentric​, said​:​ "We are proud to have been awarded this framework, it is a great example of a flexible and collaborative partnership between public and private sectors. It also demonstrates Redcentric's credentials as a trusted and reliable technology partner."