Azeus bags HK$1b contract to build central record-keeping system for Hong Kong government
IT SOLUTIONS and products provider Azeus Systems Holdings has bagged a HK$1 billion (S$180.2 million) contract to design and develop the central electronic record-keeping system of bureaus and departments of the Hong Kong SAR government over a 53-month period.
The contract is the single largest contract secured by Hong Kong-based Azeus in corporate history, the company said on Monday (May 9).
The estimated contract value includes HK$633.9 million for the total implementation price, as well as HK$381.4 million for the system’s maintenance and support for 10 years following its implementation.
Azeus expects the contract will boost the adoption of its content and records management product Convene Records, which will be customised before being deployed across the government’s departments.
Some 75 per cent of the estimated contract value would be for the licence and maintenance fees of the Convene Records software. The actual total contract value will be subject to the government’s confirmation of the number of users and departments in the course of the project, the company said.
Azeus expects design and implementation works will begin in May 2022 and a majority of the revenue to be contributed from its next financial year until FY2037.
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In a separate announcement on the same day, the company announced the demise of its executive director, Lam Pui Wan, on May 6 (Friday).
Lam who was 62-years-old, was the spouse of Lee Wan Lik, the managing director and executive chairman of Azeus. She was appointed to Azeus’s board on May 12, 2004 and was also a director and shareholder holding a 90 per cent interest in Mu Xia, a substantial shareholder of Azeus.
As the head of human resource and administration, Lam was assisting Lee in managing Azeus Hong Kong as well as the group’s offshore development centres, Azeus Philippines and Azeus China.
Shares of Azeus closed flat at S$6.20 on May 9.
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