Fintech group 8common Limited (ASX: 8CO) is pleased to advise that NSW Department of Education (DoE) its contract with its wholly owned subsidiary Expense8 for an additional year. 
The New South Wales Department of Education (DoE) has taken up the second option to extend its contract with Expense8 till March 2021. This will bring the relationship to a full term as per its initial 5 year contract consisting of a 3 year fixed term and two annual extensions. Expense8 announced its successful bid for the tender in June 2015 with a subsequent go live in March 2016. The initial contract had a contract period of 3 years with provisions for a 2 year extension exercised annually.
Recognised as a Major Player by IDC, the premier global market intelligence firm, 8common provides Travel and Expense Management (TEM) and card services for over 120 entities across the Federal, New South Wales and Northern Territory governments, with over 95,000 active users within State and Federal Government including the Federal Department of Finance and the NSW Department of Education.
This announcement has been authorised for release by the Board.
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