3rd Oct 2006 07:01
Innovation Group PLC03 October 2006 For Immediate Release 3 October 2006 THE INNOVATION GROUP PLC Contract Win The Innovation Group ("the Group"), which provides outsourcing services andsoftware solutions to the world's insurance markets, today announces a softwarecontract with one of its existing clients (a world-renowned motor industrybusiness) currently using the Group's outsourcing solutions. The contract win is for the use of the Group's Claims software in the client'sUK and European operations, with options to extend to other territories, and hasa minimum anticipated value of £2.3 million over the next 18 months. Dependenton usage, further payments may be due in future years. This contract win helps underpin the existing expectations for the Group's 2007financial year. Hassan Sadiq, Chief Executive of The Innovation Group said: "We are delighted to extend our relationship with one of our key international clients. Not only does it demonstrate successful cross selling between our outsourcing and software solutions, it also shows the breadth of opportunity available to us as we look to sell those services out into the wider insurance market. In line with our stated strategy, we now have an international relationship with a global brand and are actively pursuing further opportunities." Enquiries: The Innovation Group plc 01489 898300Hassan Sadiq, Chief Executive Officer Paul Smolinski, Group Finance DirectorSmithfield 020 7360 4900Sara Musgrave / Tania Wild This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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