£1.2m contract with leading UK utility provider

£1.2m contract with leading UK utility provider

eg solutions plc ("eg" or "the Company"; LSE-AIM: EGS), the global back office optimisation software company, announces that it has won a hosted solution contract from a leading UK utility provider ("the utility customer"), for the eg operational intelligence® suite ("the hosted solution"), worth £1.2 million over 3 years and contributing £650,000 to revenue in the current financial year.

The hosted solution will form part of a drive by the utility provider to improve productivity and reduce the cost to serve its business customers. It will provide real time operational work management, real time visibility of work-in-progress and consistent management information to support the utility customer's pro-active performance management.

The eg operational intelligence® software will be implemented across 525 staff in four functions - customer services, billing and industry data, risk and debt management, and service optimisation.

Chief Executive Officer, Elizabeth Gooch, commented:

"This major contract win demonstrates that there is significant potential for eg's market-leading solutions in a broader range of industry sectors than just our core financial services market. It also reflects increasing customer demand for hosted solutions which we expect to grow and thus increase our recurring revenues."

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About eg solutions plc

eg solutions plc is a global back office optimisation software company. Our software provides historic, real-time and predictive Operational MI. When implemented with our training programme for managers and team leaders to use this intelligence, we guarantee improvements in operational results in short timescales.

The Company, which is listed on the Alternative Investment Market ('AIM') of the London Stock Exchange, is committed to customer satisfaction and the ongoing development of its operations management solutions.