Source: Diamondloupe
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  • Digital software and solutions company COSOL (COS) signs a multi-year contract with De Beers Group, one of the world’s largest diamond mining companies
  • According to the contract, COSOL has been tasked with completing the first phase of De Beers’ SAP to S/4 HANA digital transformation project
  • This initial phase is worth around $1 million, with further phases expected to lift the total contract value to $2.4 million
  • COSOL’s software platform, RPConnect, will be the foundation for the De Beers Group transformation program
  • On the market this morning, COSOL is in the grey and trading at $0.64 per share

Digital software and solutions company COSOL (COS) has signed a multi-year contract with De Beers Group, one of the world’s largest diamond companies.

De Beers has expertise in diamond exploration, mining, grading, marketing and retail, and has tasked COSOL with completing the first phase of De Beers’ SAP to S/4 HANA digital transformation project.

The initial first phase of the contract will see COSOL migrate data to S/4 HANA platform and is worth around $1 million. Further phases are expected to lift the total contract value to $2.4 million.

COSOL will be responsible for the profiling, extraction, cleansing and migration of data from a number of diverse platforms.

Additionally, COSOL’s software platform, RPConnect, will be the foundation for the De Beers Group transformation program.

The contract reinforces COSOL’s internationally recognised data management expertise and capability to migrate data across multi-platform systems.

COSOL CEO Scott McGowan said the contract shows the power of RPConnect to underpin digital transformation for global scale organisations.

“De Beers is an established, long-standing leader in the diamonds sector and COSOL is delighted to have been chosen to play such a key role in helping De Beers navigate digital transformation,” Mr McGowan said.

“Old data stored on legacy systems remains vital to the corporate and commercial operations of major organisations and COSOL is pleased to be a leading provider of secure, efficient services to help bring our valued customers along the challenging transformation journey.”

On the market this morning, COSOL was in the grey and trading at $0.64 per share at 11:19 am AEDT.

COS by the numbers
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