October 20, 2010
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.”
-ENDS-
Contacts
eg solutions plc
Elizabeth Gooch, Chief Executive Officer
01785-715772
Bankside
Simon Bloomfield
020-7367-8888
Arbuthnot Securities Limited
Tom Griffiths
020-7012-2000
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.
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