(Alliance News) - Digital Value Spa announced Monday that it has signed a contract through its subsidiaries Italware and Dimira for the acquisition of insurance maintenance services and the supply of equipment for the IP technology component of networks in the Defense sector, based on Cisco technologies.

The four-year contract has a total value of EUR180.0 million, net of any extensions. This agreement will enable the Digital Value group to develop executive projects for the modernization and maintenance of the main data transport and security systems of one of the key customers of the Italian public administration.

In addition, thanks to the significant economic value of the order, the group will increase its partnership position with Cisco, among the world's most important and innovative producers of networking, security and collaboration technologies.

Cisco, in fact, represents a strategic partner on which Digital Value is focusing its investments in skills and market positioning.

Maurizio Nasso, Digital Value's Chief Revenue Officer Public Sector, commented, "We are proud to have signed this prestigious contract with one of the most important realities of our public administration. We will be part of the process of modernization of the communication networks and infrastructures of the Defense sector, which represents, especially in the current geopolitical context, an absolute protagonist for national and international security."

Digital Value's stock closed Monday up 0.3 percent at EUR61.20 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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