City briefs: Synectics and Proactis Holdings

Synectics a leader in the design, integration and support of advanced security and surveillance systems, has won two new multi-year contracts with existing long-term customers.

The first is a new five-year multi-million dollar support contract by a major casino operator for its flagship resort in Asia, further extending an existing long-term relationship.

Alongside this the business has been awarded a three-year framework agreement by Stagecoach. The contract is an extension of Synectics’ 18-year relationship with the UK’s largest bus and coach operator and covers the delivery of safety critical on-vehicle surveillance systems and maintenance support for their fleet of over 8,000 vehicles.

Paul Webb, chief executive of Synectics, said: “Many of our customers view us as their preferred long-term partner, which carries with it a responsibility to repay the trust they place in us.

“During this difficult period, the expertise and dedication of our teams are invaluable – as they continuously strive to provide the services and support required by all of our customers, whilst ensuring that everyone remains safe.

“These new contracts reflect our teams’ exceptional commitment and underline our on-going strategy to build long-term partnerships with our customers.”

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Proactis Holdings has signed new contracts worth to total of £11.3m cumulatively in the year to date, which equals the equivalent performance for the whole of the prior financial year.

This improved new business performance has been driven by the Wetherby business’ refreshed market strategy and, improved retention performance.

In the announcement the business adds that it continues to monitor the Covid-19 situation and is not immune to its impact, particularly with regard to its supplier-paid business and its implementation services. However, at this stage, it’s business model as a whole is proving resilient.