First Major Contract win for Nuqleus 3D

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”.

-Ends-