Bridge has inked a renewed deal with a key Federal Government department, as it expands into the growing NDIS sector.   

Bridge SaaS (ASX:BGE) has announced it has renewed a major agreement with the Department of Employment and Workplace Relations (DEWR) for the next three years, underpinning existing revenues for the company. 

The local tech play was previously one of a small number of providers eligible for such agreements with the Federal Government, and this new DEWR agreement maintains Bridge’s ability to provide software services to employment services providers, who in turn are contracted to supply services relating to large government employment programs such as Workforce Australia. 

The DEWR is a new entity created 1 July 2022. Bridge’s previous agreement was with the Department of Education, Skills, and Employment (DESE), which has been separated into two departments – The Department of Education and The Department of Employment and Workplace Relations.  

Securing revenue for next three years

Bridge’s new agreement with the DEWR enables the company to keep providing software services to employment services providers and will underpin existing revenues for the next three years. 

Currently, Bridge is one of a limited number of third-party IT vendors who has a deed in place and has been accredited to provide software services to employment services providers. 

TPES systems handling information or data relating to programs delivered by the DEWR must gain and maintain accreditation prior to use by DEWR Providers. 

The DEWR works with vendors such as Bridge to accredit their TPES system (s) before those vendors sign a deed with the department.

Bridge’s current accreditation extends to 14 Australian Government programs operating within the DEWR. 

Validation for software

Bridge Managing Director and CEO, Jamie Conyngham said renewing the agreement is an important validation for its software and the security it is able to deliver for providers engaging with the various DEWR programs such as Workforce Australia. 

Having listed on the ASX on October 6, Bridge is also working to expand its tech to assist providers in other programs, particularly the National Insurance Disability Scheme (NDIS). 

The Bridge platform enables providers to manage their client appointments, tasks for the day and bureaucratic documentation for compliance and claims from the government.

“Bridge is continuing to invest in software solutions for government service providers as we look to not only grow within employment services, but also expand into adjacent market segments such as aged and home care and the NDIS,” Conyngham said.

“Funds raised from the recent IPO strengthens Bridge’s ability to leverage existing operations into these very significant market opportunities.”

This article was developed in collaboration with Bridge SaaS, a Stockhead advertiser at the time of publishing. 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.