KUALA LUMPUR: Dagang Nexchange Bhd said a unit under its IT and eServices division has secured a RM88.1mil contract from the government.

       The contract for maintenance services, support services and enhancement for the government's accounting system known as iGFMAS was awarded to Innovation Associates Consulting Sdn Bhd (IAC).

       IAC is 60% held via Genaxis Group Sdn Bhd, which in turn is 51% held by Dagang Net Technologies Sdn Bhd.

       The contract period was 45 month, staring from Aug 10, 2021.

       "The contract is a federal government integrated financial management and accounting system maintenance, support services and application improvement for the Accountant General's Department of Malaysia, a department under the MOF," the company said.

       iGFMAS operations are based in Putrajaya, providing services to 25 accounting offices at the regional and state locations, 25 accounts divisions of the ministries and approximately twenty thousand 20,000 responsibility centres with a total of over seventy thousand 70,000 end users.