Tecnotree Awarded a USD 10.4 Million Contract for Managed Services in Latin America

Congrats Tecnotree on the USD 10.4 Million Managed Servcies Contract!

Espoo, Finland    Telecoms IT solutions provider Tecnotree today announced that it has been awarded a managed services contract with an operator group in Latin America. The value of the recurring contract is USD 10.4 million per annum.

The contract expands the previously rendered services scope from basic software support and maintenance towards managed services including new service offerings like operations support, consultancy, release management and monitoring. As a consequence, the annual contract run rate value has been augmented from below USD 7 million to above USD 10 million. The expanded services will be deployed stepwise during the second half of 2012.

Kaj Hagros, Tecnotree President & CEO, says: “With the Tecnotree strategic renewal direction communicated in 2011, we are seeking growth through expanding our solutions and services footprint across key customers. This is an important victory with regards to our new managed services offering.”

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