Swish Group - Nothing but Net

ASX-listed Internet services company The Swish Group yesterday announced a strategic alliance with Cable&Wireless Optus (CWO) to target the Internet for services and solutions revenues.

According to an announcement to the ASX (Swish are looking to "provide e-commerce development, system network integration and value-added hosting services to customers". Swish is claiming the agreement could be worth as much as $5 million for the next calendar year.

A three-year agreement will see CWO "engage, execute and maintain" e-commerce projects for its corporate customer base with Swish being engaged for its Web development and hosting capabilities.

According to Paul Norton, chief operating officer for Swish, the agreement confirms Swish as one of Australia's premier "e-developers".

"We have been working with Optus on various projects this year and found that the Swish skill sets in design and hosting are a natural complement to the company's business model," Norton said. "This is just a formalisation of our existing relationship."

Optus provides a 155 Megabit communications link to Swish's Sun- and Cisco-endorsed data centres.

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