eg solutions plc (”eg solutions”, “eg” or “the Company”; LSE-AIM: EGS), the operations management software company, is pleased to announce the receipt of new orders from two existing UK financial services sector clients valued at a total of approximately £0.25 million.
Following the recent sale of an enterprise-wide software licence to Nationwide Building Society (”Nationwide”), Nationwide has placed a significant additional order for support and implementation services associated with roll-out across all back office functions.
The second order is from a major UK life and pensions company where eg’s operational management software will be rolled out to a further 400 staff to support improved capacity and work flow management and to provide consistent operational management information. The total number of users of eg’s software within this client has now increased to over 2,125 with installations across four divisions and five locations.
The revenue from these orders will be recognised in the current financial year to 31 January 2011.
Elizabeth Gooch, Chief Executive Officer, commented:
“These latest orders demonstrate the potential of generating repeat sales within our existing customer base of substantial UK and international financial services companies.”
ENDS
Contacts
eg solutions plc
Elizabeth Gooch, Chief Executive Officer
01785-715772
Bankside
Steve Liebmann, Simon Bloomfield or Andy Harris
020-7367-8888
Arbuthnot Securities Limited
Tom Griffiths
020-7012-2000
About eg solutions plc
eg solutions plc is a global operations management 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.