[iTWire]
Chief executive officer Vaughan Stibbard said the World Bank funded
project was just waiting on final sign off, but that the company was
expecting to be appointed as prime contractor for the whole of
government project. The Australian company has been pitted against
Spanish firm Indra Sistemas, and a decision was originally expected in
February, but Mr Stibbard indicated to iTWire this week that all that
was missing was a final sign off of the paperwork from the World Bank.
The
company currently has a team of three people operating out of its
Singapore office to support clients in Asia, but is likely to grow that
if the Cambodian project gets the green light.
It also has
significant growth ambitions in Australia, and tomorrow completes the
acquisition of Melbourne based financial systems specialist Platinum
Insight which will contribute additional revenues of $3.2million to the
Tripoint coffers. That should take Tripoint back over the $30 million
revenue mark, which it has been nudging since the GFC forced it to trim
its sails from a 150 strong operation back to 100 people.
From
tomorrow the company will have a headcount of 115 according to Mr
Stibbard. The newly merged business unit will be renamed as Tripoint
Financial Services.
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