AD1 Holdings (ASX: AD1) has revealed a managed service agreement it has with the New South Wales Government has been renewed for a further two-years.
Under the renewal, AD1 will deliver its ApplyDirect recruitment solutions software platform along with ongoing hosting and maintenance and other related digital services.
According to AD1, its new platform developments and “continual innovation” has boosted the ApplyDirect platform’s functionality for the NSW Government, while strengthening the partnership.
Since its launch, the ApplyDirect platform has attracted over 5 million new users and processed in excess of 2.3 million applications.
AD1 chief executive officer Brendan Kavenagh said the company was “delighted” to continue its partnership with the NSW Government.
“At AD1, we pride ourselves on determinedly innovating and supporting our customers, the NSW Government has powerful brand recognition, and our evolving platform ensures that ‘I Work for NSW’ has a unified voice, where candidates experience consistency in their job search process.”
I Work for NSW platform
The NSW Government commissioned AD1 to build an integrated platform that would provide a single destination careers site known as I Work for NSW.
AD1’s ApplyDirect platform enables the state government to advertise all job opportunities across each department under one united brand to potential candidates.
New developments for the platform include an analytics dashboard, increased functionality by enabling greater understanding of applicants for hiring managers.
I Work for NSW is used across NSW Government departments to advertise open roles to a very targeted audience.
Revenue continues to grow
AD1’s renewed contract comes as the company posts continued revenue growth.
Across AD1’s portfolio, cash receipts were $1.56 million for the March quarter, which was 3% than the previous corresponding period.
The company’s Art of Mentoring (AoM) division recorded a 400% increase in revenue compared to the March 2021 quarter, and a 38% rise on Q2 FY2022 levels.
“The team continues to be focused on growing each of our key divisions and expansion into offshore markets has proven fruitful, with additional opportunity channel partner signings and pipeline growth specifically for AoM,” Mr Kavenagh said.