February 23, 2010
eg solutions plc (“eg solutions”, “eg” or “the Company”; LSE-AIM: EGS), the operations management software company, is pleased to announce a contract extension with one of the largest bancassurance groups in the Nordic region, for the use of the eg operational intelligence® suite in its Customer Services division. This follows the successful implementation of an initial project in the Claims Areas of the same group during the second half of 2009.
The contract extension, which represents the Company’s third win in the Nordic and Benelux area, is worth £265,000 in the current financial year to 31 January 2011 and a further £300,000 during the full contract term of 5 years.
Elizabeth Gooch, Chief Executive Officer, commented:
“This latest win provides further evidence that major financial institutions recognise that eg’s award-winning software and supporting implementation services are delivering both tangible business benefits and improved customer experience. Also, by demonstrating the attractiveness of our proposition to existing and new customers, we are continuing to implement our strategy of expansion into selected international markets.”
Under the contract extension, eg’s operational management software and methodology will be implemented within the client’s life assurance and pensions area of the Customer Services division with a view to increasing efficiency and reducing costs. The project will commence immediately.
ENDS
CONTACTS
eg solutions plc
Elizabeth Gooch, Chief Executive Officer
Tel + (0) 1785 715772
www.eguk.co.uk
Bankside
Steve Liebmann, Simon Bloomfield or Andy Harris
Tel + (0) 20 7367 8888
Arbuthnot Securities Limited
Tom Griffiths
Tel + 44 (0) 207 012 2000
About eg solutions plc
eg solutions plc is an operations management software applications vendor. Our software provides real-time, historic 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.
