eg solutions plc (”eg solutions” or “the Company”; LSE-AIM: EGS), the operations management software company, is pleased to announce that it has won a significant contract for a project with a new customer – one of the largest bancassurance groups in the Nordic region. This contract will have a minimum value of £1.6 million with just over half of the revenue to be recognised in the current year and the balance spread evenly over the following four years.

This initial project in the customer’s claims department will implement eg’s operational management software and methodology within the life assurance and pensions company of the group to increase efficiency and reduce costs. The project will commence immediately.

Elizabeth Gooch, Chief Executive Officer, commented:

“This contract win is a significant development for eg as it represents our continued international expansion within our targeted overseas markets. It also demonstrates the applicability of our products in improving operational management in customer service operations anywhere in the world.

“In recent announcements we have noted that our pipeline of potential sales was stronger than at any time in the past 24 months. This contract win shows that we are making progress in converting that pipeline into new sales contracts.”

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