ICT company IntraPower (ASX:IPX) has been awarded a contract to migrate Wilson HTM's entire IT infrastructure and application delivery to IntraPower's Business On-Demand cloud platform.

The five-year agreement is worth over $16 million, IntraPower said.

Investment company Wilson HTM intends to rid its reliance on in-house IT infrastructure and systems, with staff accessing virtual desktops to perform computing tasks.

The company has over 400 employees in 15 locations across Australia, and hopes to significantly increase its IT infrastructure as a result of the deal.