Perth-headquartered icetana AI, a company building self-learning security AI software designed for large-scale surveillance networks and SOCs, has received an order for software to be provided to its new partner Millennium, an Australian security and cleaning services operator.
Millennium is one of Australia's largest national integrated service providers, in which icetana AI’s strategic partner and significant shareholder SoftBank Robotics holds a majority shareholding. It provides security and cleaning services to over 100 major shopping centres across Australia and New Zealand.
The order has an aggregate value of $376,000 and is for an initial contract term of 60 months. It's the company’s largest sale to date in Australia and the contract is priced on a SaaS basis, adding $75,200 to the company’s annual recurring revenue.
“We welcome Millennium Services Group as a new partner in our home market of Australia and look forward to a fruitful on-going relationship," icetana AI CEO Kevin Brown said.
"This sale is further evidence of our ability to leverage our partnership with SoftBank Robotics into new sales and ARR growth. Our go-to-market is focussed on security integrators servicing large shopping malls, and this later deployment will further cement our reputation in this segment.”
Earlier this year, icetana AI announced it will enter the markets in North, Central and South America through a distribution deal with California-based Macnica, as well as revealing that it secured a $1.7 million contract to provide surveillance software for the Baghdad Safe City project in Iraq.
_(11).jpg&h=142&w=230&c=1&s=1)
.jpg&w=100&c=1&s=0)
_(8).jpg&w=100&c=1&s=0)
.jpg&q=95&h=298&w=480&c=1&s=1)
