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Link Group and Wrkr enter into agreements
Wrkr and Link Group enter into agreements to enable Link Group to provide the Wrkr PLATFORM, Wrkr PAY and Wrkr READY employer solutions to Funds.
Key Highlights
- The contract enables Link Group to offer Wrkr employer software solutions to all its existing Superannuation Fund customers in Australia
- The contract enables Link Group to offer a range of Wrkr employer software solutions to its new Fund customers in Australia and other international jurisdictions
- An initial contract (SoW3) to provide detailed implementation planning for:
- platform and services scope to support up to 1 million members across multiple funds
- an opportunity to establish an initial contract with an estimated value of over $2m per annum in implementation, transaction and license revenue
The initial term of the MSA is for 3 years from implementation go-live
“The teams at Link Group and Wrkr have been collaborating on these arrangements for some time and the effort is indicative of the scope, breadth of innovative services and the mutual respect for the opportunity facing Funds as they navigate market transformation and seek to drive better member outcomes.”
Wrkr’s CEO Mr Trent Lund
Wrkr Ltd (ASX: WRK) (the Company or Wrkr) is pleased to announce the completion of a Memorandum of Understanding (MoU), an updated Master Services Agreement (MSA) and a Statement of Work (SoW) (being SoW3) to enable Wrkr and Link Group to partner in the provision of a range of employer software solutions for Funds in Australia and other international jurisdictions.
The MoU and MSA run for an initial term of 3 years post-implementation. The arrangements include the full scope of Wrkr solutions including the licensing of the Wrkr PLATFORM, Wrkr PAY and Wrkr READY software products and services. It is anticipated that the services will be delivered in phases over numerous SoWs with our joint teams starting immediately on SoW3 – Detailed Scoping Implementation Planning.
