Corero PLC
02 August 2007
Corero plc
Further wins for Business Systems division
With two further wins this week, the Business Systems division of Corero has now
signed 11 City Academies during the current year for its Resource Financials
package. This brings the total number of City Academies contracted to use
Resource Financials to 21, which represents just over 25 per cent. of the 83
existing City Academies. The number of City Academies is planned to grow to 400
by 2010, creating a substantial market opportunity for Corero.
Furthermore, the Business Systems division has also signed up three new
customers within its key target sector of further education. These are Sir
George Monoux Sixth Form College and South Trafford College of Further
Education, which have both recently selected the Resource Financials solution
and Haringey Sixth Form Centre, part of Haringey Council, which selected both
the Resource Finance and Learner Management & MIS solutions.
This brings the total number of Corero customers within the education sector to
168. The Corero directors continue to view this as a very exciting market
sector and the Company continues to invest in its product range and in resources
to deliver solutions to these customers.
Bernard Snowe, Managing Director of Business Systems division, commented:
'We have had a really successful period in Business Systems, building on our
existing success with sixth form colleges and expansion into the further
education sector. We continue to see considerable opportunities in both these
market places.'
Enquires: 2 August 2007
Corero PLC
Peter Waller (Executive Chairman) 07785 228080
Ian Selby (Finance Director) 01923 695191
John East and Partners Limited 0207 628 2200
John East/Virginia Bull
College Hill Associates 0207 457 2020
Matthew Smallwood/Jamie Ramsay
Notes to editors:
Resource Financials forms the core of the Corero Business Systems suite of
applications. Also featured are solutions for eProcurement, Project Costing, HR
& Payroll, Continuing Professional Development and Learning Management. Together
with Workflow and Web Applications, covering Reporting, Timesheets, Expenses and
Requisitions, there are over 60, highly integrated modules offering large and
small enterprises modern and dynamic business solutions.
This information is provided by RNS
The company news service from the London Stock Exchange
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