Tatts Group has awarded New Zealand’s Wynyard Group a three-year contract to help manage governance, risk and compliance.
“Effective corporate governance and management of compliance-related risks has become increasingly critical for organizations carrying out financial transaction activities,” Tatt’s chief auditor Maree Patane said.
The two companies didn’t provide a value for the contract. News of the accord sent Wynyard shares up more than 4 percent in New Zealand trading.
Wynyard Group’s risk management software is used by organizations including Queensland Rail, Dubai International Airport and Lloyd’s of London.
ASX-listed Tatts, which operates lotteries and betting across Australia and in the UK, reported an annual profit of $247.3 million ($233 million) last year, with sales at $A2.95 billion.