Made Tech wins £10m Home Office contract
By Iain Gilbert
Date: Tuesday 15 Nov 2022
(Sharecast News) - IT services group Made Tech has been awarded a new contract with the Home Office, worth roughly £10.0m over a 24-month period.
Made Tech said on Tuesday that the contract, which comes with a six-month extension option worth a further £2.0m, will see it work alongside the Home Office team, providing a number of digital, data, and technology services.
The AIM-listed group noted that the contract comes as the Home Office looks to transform its services by introducing several new digital systems.
Chief executive Rory MacDonald said: "The group's growth continues to build momentum, as we expand our activity with critical government departments helping them deliver key initiatives.
"We are delighted that the Home Office has chosen to partner with Made Tech once again, as it demonstrates its confidence in our ability to deliver digital technology and our growing reputation within the market."
As of 0940 GMT, Made Tech shares had shot up 11.76% to 28.50p.
Reporting by Iain Gilbert at Sharecast.com
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