Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Contract Win

20th Oct 2010 07:00

RNS Number : 6637U
EG Solutions plc
20 October 2010
 



 

IMMEDIATE RELEASE

20 October 2010

 

 

eg solutions plc

 

 

Contract win For Nuqleus 3D

 

eg solutions plc ("eg solutions" or "the Company"; LSE-AIM: EGS), the back office optimisation software company, announces that it has won a contract with a new customer. The contract has a total initial value of approximately £330,000 and over two thirds of the revenue will be recognised in the current financial year.

 

The contract is for the data capture module of Nuqleus 3D, the business performance software which the company acquired through XTAQ in March 2010. The software will be deployed across 600 users within the Collections & Recoveries and Operations departments of a UK based closed book financial services institution.

 

Elizabeth Gooch, Chief Executive Officer, commented:

 

"Since eg acquired XTAQ in March 2010 we have successfully integrated the business and are now starting to demonstrate the full potential of Nuqleus 3D in the real-time data capture market. We believe this product will become a significant contributor to profitable growth."

 

 

 

END

 

CONTACTS

 

eg solutions plc

01785-715772

Elizabeth Gooch, Chief Executive Officer

www.eguk.co.uk

Bankside

020-7367-8888

Simon Bloomfield

Arbuthnot Securities Limited

020-7012-2000

Tom Griffiths

 

 

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.

 

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

Related Shares:

eg Solutions PLC
FTSE 100 Latest
Value7,964.18
Change50.93