Escher secures new Gibraltar contract

RNS Reach

10 June 2014

Escher Group Holdings plc

Escher secures new contract with The Royal Gibraltar Post Office

Escher Group Holdings plc, (AIM: ESCH, "Escher" or "the Group"), a world-leading provider of point of service solutions to the postal industry has secured a new contract with the Royal Gibraltar Post Office. The contract is a six year license for the automation of Point of Service across their post office network.

Escher's Riposte solution will automate retail services including mails, parcels, express mail services, redirection service, stamp sales, and post boxes. Escher's solution will future proof the Royal Gibraltar Post Office providing them with a seamless integrated platform which will enable them to quickly deploy additional services to their customer base into the future.

Liam Church, CEO of Escher Group said:

"Our vision is to deliver market leading point of service solutions to our customers around the world to allow them to thrive in the digital age of retail. Our Riposte platform provides posts offices with a solid foundation on which they can deploy further services, across new channels, ensuring that their business stays relevant to their customers' needs and expectations".

David Ledger, CEO of The Royal Gibraltar Post Office said:

"The Royal Gibraltar Post Office is excited to announce the beginning of a working relationship with Escher. This collaboration is extremely beneficial not only for Royal Gibraltar Post Office staff but particularly for our customers.

"Escher's Riposte solution will further streamline our processes and enhance our employee and customer satisfaction by modernising everyday tasks such as the balancing of tills and implementing electronic records and receipts; facilitating the expansion of current services; and further tightening the control of prohibited goods.

"The Royal Gibraltar Post Office is looking forward to the implementation of this fast pace, modern technology."

About Escher Group

Escher is a world leading developer and provider of outsourced, point-of-service software for use in the worldwide postal industry. Its core software, RiposteEssential™, enables post offices to expand upon their traditional offering, providing additional new services, reducing costs and increasing efficiency. Riposte® is a messaging middleware that enables applications operating on different computers to communicate with each other. The Riposte® software manages data, monitors the system status and communicates across the network. Escher Group operates across two divisions - a Retail Software Division and a Message Based Communications Division.

The Retail Software Solution (RiposteEssential™) serves the postal and courier markets. Transactions include mail and financial services and the system is integrated with utilities and financial services companies, banks and central and local governments.

Escher's Message Based Communications Division (RiposteTrEx™) is based on a digital post office box model and is designed to provide a national digital infrastructure linking governments, businesses and citizens via a secure platform.