Tellenger, Inc., a subsidiary of WaveDancer, Inc., (NASDAQ:WAVD) announced today that it was awarded a seven-year contract by a large systems integrator to continue supporting a major financial program for a large U.S. Government (USG) customer. The company expects total revenues between $12 and $15 million over the course of the contract's period of performance.
Tellenger, a long-standing subcontractor partner to the USG customer, was originally tasked with modernizing the financial systems to allow for easier maintenance and greater reliability. This new multi-year award will continue enhancements in support of that effort, as well as add new functionality to advance the applications.
"The work we are doing in collaboration with our teaming partner will ready this critical government financial application for the future," said Stan Reese, Tellenger's President/CEO. "This substantial new award reinforces Tellenger's position as a leader in modernization and systems engineering. It is a testament to the significant value we bring to customers and partners through a commitment to delivering meaningful ROI with everything we do."