Working in a consortium with Catalyst Land Lease, Capita Symonds Group and financiers; Halifax Bank of Scotland, Redstone's Converged Solutions Division and Managed Solutions Division will be providing the complete integrated IT and communication systems for new schools to be built in Lancashire, along with a seven year managed IT services contract which will commence in September 2008.
The project, which is part of the first wave of the Government’s Building Schools for the Future programme, will be completed in three phases between 2008 and 2010 with three schools delivered in each of 2008, 2009 and 2010. The combined ICT project is worth in the order of £16m. Redstone's phase 1 contract for the first three schools is worth £6.3m and, as the exclusive provider of ICT equipment and management services for the entire project, expects to contract for phases 2 and 3 in due course.
Martin Balaam, CEO Redstone commented, "This contract demonstrates the value of the combined skills of Redstone Converged Solutions and Redstone Managed Solutions and further cements Redstone as one of the leading IT and Communications integrators in the UK and Ireland. It is also satisfying to see that the investment the Company has made in tendering for major long term projects is paying dividends and underpinning future revenues."