COSOL Limited announced it has signed a new contract with a value of $8.2 million to deliver services to the Australian Department of Defence. The contract will see COSOL work in partnership with IBM to deliver services under the Defence Enterprise Resource Planning Program (ERP Program). At the core of COSOL's service delivery to Defence is the Company's proprietary RPConnect Software, which is Defence-cleared to deliver data migration services across the Department's widespread asset portfolio.

This project work for Defence is expected to be completed in November 2023 and will contribute positively to COSOL's financial performance in fiscal year 23. The contract follows COSOL's previous Defence work which commenced in April 2021 and concluded this month.