Sysorex Global Holdings Corp (NASDAQ:SYRX) Gets CIO-CS Contract

Sysorex Global Holdings Corp (NASDAQ:SYRX) reported that its Lilien Systems gets a place in the list of the 65 Prime Contract Holders under the CIO-CS contract by NITAAC. It is a multiple-award GWAC and is a ten year Indefinite Delivery Indefinite Quantity deal with a maximum value of $20 billion. It has a one 60-month base duration ranging from May 1, 2015 to April 30, 2020. There is another 60-month option duration ranging from May 1, 2020 to April 30, 2025. Now as a prime contract holder, Lilien Systems is among few companies permitted to complete task orders from DoD, federal or civilian agencies seeking to buy IT commodities and solutions.

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The details

Sysorex said that the latest contract is third such contract in the past two months. Last month, it was given a subcontract on the Enterprise Information Technology Services contract worth $249 million from the US Army. In April, it got an award on the “NASA SEWP V” contract.

NASA SEWP V

In the first week of April, Sysorex reported it was awarded a contract in the NASA fifth Solutions for SEWP contract vehicle. It received the contract as part of the small business group known as “Group C”. It has a highest value of $20 billion with a one 5 year option period and base period of 5 years.

The expert speaks

Nadir Ali, the CEO of Sysorex Global Holdings Corp (NASDAQ:SYRX), said that the management is very pleased to receive the NASA SEWP V award. It is a prestigious contract award that will enable Sysorex to provide a complement of services and systems to federal agencies across world, including advanced big data analytics offerings. The company’s long-time association with leading technology OEMs and vendors permits it to provide a broad variety of solutions and considerable cost savings to clients across the federal spectrum.

About the Author

Cooper is a graduated from Buffalo State College in New York with a bachelor's degree in Broadcast Journalism.

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