Felix Group Holdings Ltd. announced it has signed an enterprise contract with Tier 1 Contractor, Laing O'Rourke Australia. The 3-year contract with Laing O'Rourke, one of Australia's largest Contractors, includes Felix's entire enterprise suite of modules and an API licence. The annual recurring Licensing fee will generate $249,000, representing 8% of Felix's Second Quarter Fiscal Year 2023 Contracted Contractor ARR.

This contract provides further validation from another Tier 1 Contractor as Felix continues to execute on its Contractor-led growth strategy. The contract includes provisions for additional licence tiers as usage uptake increases, providing scope for considerable increases in ARR. Laing O'Rourke Australia is the local division of multinational engineering and construction company Laing O'Rourke headquartered in the UK.

The company delivers infrastructure and buildings projects for clients across Europe, the Middle East, and Australia. It is the largest privately owned construction company in the UK with projects spanning a wide range of sectors including building, transport, power, water & utilities, mining & natural resources, and oil & gas. In Australia, Laing O'Rourke's portfolio includes Sydney Central Station Metro, Great Eastern Highway Bypass Interchanges Project, Sydney Opera House Renewals Project and more.

Notably, the enterprise contract follows a separate 5-year agreement signed in Second Quarter Fiscal Year 2023 with the Nexus Consortium ($89,000 ARR), led by Laing O'Rourke. The Nexus Consortium have been named preferred bidder to deliver the South Package of Victoria's North East Link Project and have licenced Felix's Vendor Management, Sourcing and Contracts modules, as well as an API licence. Having also recently secured an enterprise agreement with BMD Group, Felix remains focused on executing on a number of further opportunities of similar size and scope to Laing O'Rourke in the pipeline.