Veris Expands Digital Twin Victoria Work with $1 Million Plus Contracts
Veris Limited has secured two new work orders under its Digital Twin Victoria partnership, expected to generate over $1 million in revenue across nine months, reinforcing its government digital consulting growth.
- Two new work orders exceed $1 million revenue
- Engagements cover application migration and identity management
- Part of ongoing Digital Twin Victoria Innovation Partner role
- Secured forward workload at $65 million
- Weighted opportunity pipeline tops $195 million
New Contracts Extend Digital Twin Victoria Partnership
Veris Limited (ASX:VRS) has deepened its involvement with Digital Twin Victoria (DTV), securing two additional work orders expected to contribute over $1 million in revenue over the coming nine months. These contracts expand Veris’ existing role as Innovation Partner to the Department of Transport and Planning (DTP), Victoria, underlining the company’s growing footprint in government digital and spatial consulting.
The new engagements focus on migrating a suite of DTP applications into the Digital Twin Victoria environment and upgrading the identity management system to enhance access for a broad range of government users. Both tasks leverage Veris’ expertise in spatial insights, digital advisory, and application delivery, reinforcing its position as a key player in Victoria’s digital transformation agenda.
Strategic Government Client Relationships Drive Growth
Veris’ Managing Director Michael Shirley highlighted the significance of this expanding relationship, describing DTP as “exactly the type of client our strategy is built around.” The company’s pivot towards higher-value digital and spatial consulting services is evident in these contracts, which combine platform enhancements, systems integration, and advisory work. This aligns with Veris’ broader strategy to deepen engagements with tier-1 government clients, offering end-to-end digital transformation capabilities.
Since being appointed Innovation Partner in March 2024, Veris has led multiple projects enhancing the DTV platform, including new feature development and data integration. The latest work orders represent a continuation of this program, signalling sustained confidence in Veris’ delivery and technical expertise.
Robust Pipeline Supports Forward Workload
Veris enters the 2027 financial year with a secured forward workload of approximately $65 million and a weighted opportunity pipeline exceeding $195 million. These figures underscore the company’s momentum in government digital services, complementing recent contract wins across rail, energy, and digital infrastructure sectors. The ongoing expansion with Digital Twin Victoria adds to a diversified portfolio of large-scale, repeatable engagements that underpin Veris’ growth ambitions.
The company’s ability to navigate complex digital ecosystems and deliver spatial analytics solutions remains a key differentiator. As government agencies increasingly seek partners capable of managing comprehensive digital transformation programs, Veris is well positioned to capitalise on this demand.
Bottom Line?
Veris’ latest Digital Twin Victoria contracts exemplify its strategic shift towards high-value government digital consulting, setting the stage for further pipeline conversion in FY27.
Questions in the middle?
- How will Veris manage delivery risks across multiple concurrent government projects?
- What impact will these contracts have on Veris’ margin profile given their advisory-led nature?
- Can Veris convert its $195 million opportunity pipeline into secured work within FY27?
