Hungary’s 4iG wins HUF 1.5 bn public contract

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Hungarian IT group 4iG has submitted the winning bid for a public procurement contract by MVM, 4iG announced on the Budapest Stock Exchange website.
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The offer of 4iG has been announced as the winning bid for “IT development framework agreement – for the provision of system integrators, integration developers and expert services related to technical systems” by MVM Démász, MVM Égáz-Dégáz and MVM Főgáz.

The aim of the project is to provide IT development, providing system integrator, integration developer and expert services related to technical systems subject to the framework agreement. It includes survey, analysis, design, implementation, and testing of the integration needs of the operating systems supporting the core business managed by the MVM Network NKM ÜFM, performing integration development tasks related to HAP system components, and expert support for IT strategic and operational security developments.

The contract value is HUF 1.5 billion plus VAT.

The company’s share price has dropped 2.5% this year.

Cover photo: Budapest Stock Exchange

 

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