TZ Limited lining up US deal

TZ Limited lining up US deal

Technology company TZ Limited (ASX:TZL) said its subsidiary, Telezygology, has entered a deal that could see it provide its server security and management solution for a Fortune 100 company.

The customer, which TZ Limited did not name but said was a data management and IT outsourcing provider, is evaluating the TZ Centurion IP-based access control and monitoring system and software.

If the evaluation is successful, the customer will roll it out in at least three of its disaster recovery data centre facilities.

Centurion will be promoted by the company to its outsourced data centre customers, which could result in deployment of the system in as many as 3,000 cabinets at these facilities in the next five years.

The contract will include maintenance and technical services, TZ said. Terms are still being finalized.

CEO John Wilson said he believes the deal could be expanded in the future.

“The successful implementation of this program has the potential to not only lead to further installations throughout the customer's North American operations, but could potentially expand to the data centres it operates worldwide,” he said.

TZL shares grew 11.11% in Thursday's trading to $0.300.

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Tags TZ Limitedbusiness dealsASX:TZLJohn Wilson

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