OMG's Yotta inks 5-year deal with Australian road authority

Technology group OMG said its infrastructure arm, Yotta, has signed a five-year software and service agreement with Australian traffic authority VicRoads.

OMG said Yotta Australia, the authorised distributor of Horizons software for Australia and New Zealand, has signed an agreement which will see it support two large-scale Maintenance Alliance Contracts encompassing over 8000km of arterial road network in the state of Victoria.

Yotta Australia worked with Fulton Hogan, which successfully bid for the VicRoads tenders. Fulton Hogan, which is a specialist in the transport infrastructure sector, will use Horizons to deliver a range of maintenance services for an initial period of five years, with a possible extension of five years.

Nick Bolton, chief executive officer of OMG said: “I am absolutely delighted; our Horizons software is continuing its march into new international markets and verticals. Our software is proving to be a key differentiator when our partners are pitching for contracts and this represents an important moment for Yotta Australia. Yotta's distribution model is proving to be effective and we are delivering on our stated international ambitions.”

At 0944 BST, OMG shares were down 1.8% at 40p.