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- Aussies set to 'shake up' Silicon Valley with StartupHouse
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- Rumour: Telstra to launch Galaxy S II 4G and Galaxy Note in the near future
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Posts Tagged ‘neil wilson’
News - Tuesday, February 16, 2010 11:39 - 0 Comments
Tenix terminates Oakton deal, demands $19m
The traffic infringement and management branch of Tenix Solutions has terminated a contract with IT services firm Oakton and has filed a claim for $19.36 million in damages, Oakton alleged this morning.
“After the close of trading on the Australian Stock Exchange on 15 February, Tenix served on Oakton’s contracting subsidiary a notice purporting to terminate the relevant contract and a claim for damages estimated at $19,364,900,” Oakton said in a statement this morning.
“Tenix’s notice was preceded by the referral to arbitration by Oakton of several disputes arising from the contract.”
Oakton did not say which specific contract the dispute refers to. However, the division of Tenix which Oakton named (IMES) appears to have a contract with the Victorian Government to deliver Infringement Management and Enforcement Services in the area of traffic control.
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