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Contract Win

9th Jun 2010 07:00

RNS Number : 2996N
EG Solutions plc
09 June 2010
 



 

IMMEDIATE RELEASE

9 June 2010

 

 

 

eg solutions plc

 

 

First Major Contract Win for Nuqleus 3D 

 

eg solutions plc ("eg solutions" or "the Company"; LSE-AIM: EGS), the back office optimisation software company, is pleased to announce the signing of a contract, worth approximately £430,000, with the general insurance division of an existing eg client.

 

The contract is for Nuqleus 3D, the business performance software acquired through XTAQ in March 2010, to provide management information supporting a broad range of Operational Excellence initiatives including Resource Optimisation, Process Excellence and Continuous Improvement. Both the data capture and reporting modules of Nuqleus 3D will be rolled-out through a phased deployment to 2500 users.

 

Work will commence immediately and it is expected that the majority of revenues contracted will be recognised in the current financial year.

 

Elizabeth Gooch, Chief Executive Officer, commented:

 

"We are delighted to have won this contract, the first since eg acquired XTAQ. It underpins our confidence in the sales potential of Nuqleus 3D, identified when we bought the business, and strengthens our position to deliver profitable growth over the next year and beyond. In addition, the complementary product set acquired through XTAQ will enable eg to satisfy the growing demand for real-time data capture".

 

Ends

 

 

CONTACTS

 

eg solutions plc

01785-715772

Elizabeth Gooch, Chief Executive Officer

www.eguk.co.uk

Bankside

020-7367-8888

Simon Bloomfield or Rose Oddy

Arbuthnot Securities Limited

020-7012-2000

Tom Griffiths

 

 

About eg solutions plc

 

eg solutions plc is a global operations management 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.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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