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ComOps Ltd signs multi-year contract with AirNav Indonesia

ComOps Ltd signs multi-year contract with AirNav Indonesia

ComOps Ltd (ASX:COM) has secured a major multi-year contract to provide its ComOps Workforce Management solution to AirNav Indonesia.

AirNav Indonesia manages about 2.2 million square kilometres of airspace with total flight traffic of over 10,000 movements a day.

The solution will provide enterprise workforce management capability for 1,500 air traffic services staff across its operations throughout Indonesia.

ComOps operates from its Australian development centre, clocking revenues of $8.2 million in 2015, an increase of 31% compared to 2014.

The high growth was driven by cloud/ software as a service products which now have a share of more than 55% of ComOps total revenue.

The company serves about 180 customers as at May 2016, up from 47 in June 2014 in verticals such as transportation, ports, airports, government, and hospitality.

Earlier this month, ComOps signed up with an international hotel group to provide workforce management solution. ComOps now has 6 of the top 10 global hotel brands among its clients.

The company has maintained a strong cash balance of over $1.5 million as at 31 March 2016.

Most importantly, ComOps has forecasted positive operating cash flow and significant revenue growth for FY16.


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ComOps Ltd Timeline

August 27 2015

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