2nd Apr 2014 11:52
LONDON (Alliance News) - EG Solutions PLC Wednesday said it has won a licence contract worth roughly USD1.1 million, with an existing global bank customer for the further deployment of its operational intelligence software suite.
The back office optimisation software company said the contract is in conjunction with its strategic partner Aspect Software Inc.
It said the initial contract for licences is worth approximately USD1.1 million, all of which is to be recognised in the current financial year.
The company said it expects to enter into additional agreements with the same customer for services.
"This contract underpins our forecasts for the year, as well as our confidence in the future and the potential for the company to secure substantial workforce optimisation projects with large global institutions," said Acting Chief Executive Elizabeth Gooch in a statement.
EG Solutions shares were trading 1.1% higher before midday Wednesday at 48.00 pence per share.
By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty
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