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Straker Limited (ASX: STG) Announces Extension and Expansion of IBM Partnership
Prnewswire· 2025-10-30 15:29
Agreement Renewal – 3-Year Extension IBM has renewed its existing agreement with Straker for a further three years, effective 1 January 2026. IBM holds the option to extend the agreement for an additional one-year term beyond the initial three years. The expected contract value is approximately NZ$28 (US$16.1) million over the initial three-year term, based on anticipated volumes. Revenue under the agreement will continue to be based on customer usage and therefore may vary from period to period. Accessibi ...