June 9, 2010
eg solutions plc (“eg solutions” or “the Company”; LSE-AIM: EGS), the back office optimisation software company, is pleased to announce the signing of a contract, worth approximately £430,000, with the general insurance division of an existing eg client.The contract is for Nuqleus 3D, the business performance software acquired through XTAQ in March 2010, to provide management information supporting a broad range of Operational Excellence initiatives including Resource Optimisation, Process Excellence and Continuous Improvement. Both the data capture and reporting modules of Nuqleus 3D will be rolled-out through a phased deployment to 2500 users.
Work will commence immediately and it is expected that the majority of revenues contracted will be recognised in the current financial year.
Elizabeth Gooch, Chief Executive Officer, commented:
“We are delighted to have won this contract, the first since eg acquired XTAQ. It underpins our confidence in the sales potential of Nuqleus 3D, identified when we bought the business, and strengthens our position to deliver profitable growth over the next year and beyond. In addition, the complementary product set acquired through XTAQ will enable eg to satisfy the growing demand for real-time data capture”.
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Contacts
eg solutions plc
Elizabeth Gooch, Chief Executive Officer
01785-715772
Bankside
Simon Bloomfield or Rose Oddy
020-7367-8888
Arbuthnot Securities Limited
Tom Griffiths
020-7012-2000
About eg solutions plc
eg solutions plc is a global back off ice 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.
