Sunday 15 September 2019

Dublin-listed Scisys in €11m contract win

Scisys works on the system for the European Space Agency
Scisys works on the system for the European Space Agency
Ellie Donnelly

Ellie Donnelly

Dublin-listed software business Scisys has secured a €11.2m contract with Thales Alenia Space France.

Scisys provides IT and software services across a number of sectors including media and defence, while Thales Alenia Space is the prime contractor to the European Space Agency.

The contract, which is for the continuation and further enhancement of four Galileo Ground Mission Segment (GMS) elements, is under a programme funded by the European Union.

Last month Scisys admitted to trading in Dublin, making it the first Brexit refugee to list on the Irish Stock Exchange.

Commenting on the contract win, Klaus Heidrich, CEO of Scisys said the company’s decision to redomicile the Scisys parent company to Dublin to protect EU funded work proved "decisive" in securing the contract.

"The future prospects of the group continue to look highly encouraging," Mr Heidrich added.

In November Euronext, the owner of the Irish Stock Exchange, said it was aiming to make €8m of savings at the Irish operation.

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