MAGIQ Software’s South-East Asia Reseller Partner ICS Pty Ltd has announced the signing of a 5-year contract with the Energy Market Authority of Singapore for the MAGIQ Performance Suite.
The Energy Market Authority is a statutory board under the Ministry of Trade and Industry with responsibility for an annual expenditure budget of S$84 million. The main goals of the Authority are to ensure a reliable and secure energy supply; promote effective competition in the energy market and develop a dynamic energy sector in Singapore.
The Energy Market Authority is the first MAGIQ Performance customer in Singapore. The Authority will implement the software across their Exchequer Finance and Payroll systems to meet their organisational reporting, budgeting, and analytical requirements.
“We are delighted to announce the contract with the Energy Market Authority of Singapore,” said Ian McDonald, Executive Director, ICS.
“We are confident that this contract is a very positive reflection of the suitability of MAGIQ Performance for mid-sized organisations in Singapore,” said Ian.
“There is substantial market demand for a reporting and budgeting software application that offers all of the required functionality and can be delivered within a cost-effective and easy to implement framework,” said Ian.
According to MAGIQ Software Chief Executive Officer, Colin Lillywhite, the contract with the Energy Market Authority of Singapore is a key milestone for the MAGIQ Software business.
“MAGIQ Performance has achieved significant market presence within the Australian and New Zealand marketplace and we are also seeing early success in the United States and the UK. We are delighted to see ICS now building on this success in the Singaporean marketplace, ” said Colin.