PME.ASX: PME signs A$15M, 5-year Visage Archive deal with Duke Heath

PME signs A$15M, 5-year Visage Archive deal with Duke Heath

Stock	Pro Medicus Ltd (PME.ASX)
Release Time	30 Dec 2024, 8:39 a.m.
Price Sensitive	Yes

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PME signs A$15M, 5-year Visage Archive deal with Duke Health

Key Points

PME signs AUD $15M, 5-year deal with Duke University Health System
Contract is for the addition of Visage 7 Open Archive
Visage 7 Open archive to be implemented in the cloud
Current Visage 7 license extended for a further 2 years

Full Summary

Pro Medicus Limited (PME) has announced that its wholly-owned U.S. subsidiary, Visage Imaging, Inc., has signed an additional A$15M, 5-year contract with Duke University Health System (Duke), a leading North American academic medical center. The contract, based on a transaction-based licensing model, will see Visage 7 Open Archive supplement the existing Visage 7 Viewer contract signed in May 2019. As part of the deal, Duke's current on-premise instance of Visage will be deployed to the cloud along with Visage 7 Open archive. The Visage 7 Viewer contract has also been extended for a further 2 years to the end of 2029. Planning for the rollout is to commence immediately and will involve the migration of Duke's current archive to the Visage 7 Open Archive. Pro Medicus CEO, Dr Sam Hupert, stated that this deal confirms the company's belief that there is a material opportunity to sell Visage 7 Open Archive to its existing base of 'viewer only' clients, providing them with a highly performant, highly scalable solution and facilitating their transition from on-premise to cloud.