Canberra's Citadel Group edges closer to $A100M

The ASX-listed Citadel Group has announced revenue growth was up 27.8% to $A98.8m for FY17, which included the initial $A24.8m contract with a large federal government agency. The company says it has a strong pipeline of work for its cloud based information management solutions, integration services in Defence and federal government agencies, and e-Health initiatives.

Citadel Group CEO Darren Stanley said: “It has been a strong year for the Group and we’ve delivered on our promises. We’ve also successfully exited the vocational education training business and prioritised delivering secure enterprise-level information management solutions.

“The investments we have made, particularly in secure cloud-enabled products, will ensure we are well placed to meet the growing demand for cloud first solutions in governments and large enterprises.”

Citadel is based in Canberra, but also has offices established in Brisbane, Melbourne and Sydney. 

During FY17, Citadel was awarded a five-year Queensland Health contract extension, followed by a new $A6.7m contract to host cloud-based laboratory information management (LIS) solution which it claims will be the first of its kind in Australia when deployed later this year.

Citadel also successfully completed integration of solution provider Kapish (acquired 1 July 2016) and invested in product development to provide fully cloud enabled solutions for large scale Departments and commercial enterprises

Mr Stanley stated: “We will continue to deliver secure enterprise information management solutions for our clients and work collaboratively with them to find new and innovative ways of doing business together. Furthermore, we will continue to pursue attractive M&A opportunities as they arise in support of our organic growth strategy.”


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