7th May 2009 07:00
7 May 2009
Innovation Group plc
New European Outsourcing Agreement
Innovation Group plc ('Innovation Group') (LSE: TIG.L), the leading provider of enterprise software, business process outsourcing (BPO) and repair and service network management solutions to the global Property and Casualty industry is pleased to announce a significant European outsourcing agreement for the handling of motor accident claims.
The agreement will generate significant revenue from a number of blue chip corporate clients. The transaction is expected to deliver additional revenue to the Group dependent on volumes received of approximately € 6 million over the next 3 years.
Hassan Sadiq, CEO of Innovation Group, said:
"We are delighted to strengthen our global client list with this transaction. Not only does this agreement bring us additional revenue in our core outsourcing business in 2009 and beyond, moreover it clearly strengthens our position as the leading pan-European accident management provider."
Enquiries:
|
Innovation Group Hassan Sadiq, Chief Executive Officer Jane Hall, Acting Group Finance Director |
Tel: +44 (0) 1489 898300 |
|
Financial Dynamics Juliet Clarke / Matt Dixon / Erwan Gouraud |
Tel: +44 (0) 20 7831 3113 |
Notes to Editors
Innovation Group plc (LSE: TIG.L) is the leading provider of enterprise software, business process outsourcing and repair and service network management solutions to the global Property and Casualty industry. Innovation provides contact centres, repair networks, process management, supply chain and technology operations, and decision support analytics, to support accident management, repair and estimation and claims management services.
Innovation has over 1,000 global clients including AXA Insurance, RSA, AAA NCNU, LeasePlan, The Ford Motor Company, Aviva, Toyota (South Africa) and Zurich (UK). The Group processes more than 4 million claims per year with 20% direct claims cost saving achieved. Our 2,400 people are located in United Kingdom, Australia, Belgium, Canada, France, Germany, Japan, Netherlands, Pakistan, South Africa, Spain, United States.
www.innovation-group.com
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