Contract Extension with HSBC

RNS Number : 7768S

Focus Solutions Group PLC

16 September 2010

 



Press Release

16 September 2010

Focus Solutions Group plc

("Focus Solutions" or the "Group")

Contract Extension with HSBC

Focus Solutions Group plc (AIM:FSG), a leading provider of multi-channel distribution software to the global financial services industry, is pleased to announce that it has extended its contract with HSBC Plc, one of the largest banking and financial services organisations in the world. The contract extension is worth approximately £1.0 million, the majority of which will be recognisable within the current financial year.

Under the terms of the contract, HSBC will be extending their wealth management financial planning system, which was initially developed by Focus Solutions. The extension of the system will be rolled out to over 600 users from January 2011.

Commenting on the contract extension, Richard Stevenson, CEO of Focus Solutions said, "We are delighted that HSBC have extended their contract with us to support their wealth management strategy. It is testament to the architecture and design of the solution that Focus Solutions has developed for HSBC that it can be extended to support other areas of their business as their ambitions grow and evolve. This is further evidence that Focus Solutions has the products, the experience and the skill to support the world's leading financial services organisations with multi-channel wealth management and product distribution."

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For further information:
Focus Solutions Group plc
Richard Stevenson, Chief Executive	Tel: [phone]
Martin Clements, Finance Director	www.focus-solutions.co.uk
FinnCap
Marc Young / Charlotte Stranner	Tel: [phone]
Simon Starr (broking)	www.finncap.com
Media enquiries:
Abchurch
Heather Salmond / Joanne Shears / Mark Dixon	Tel: [phone]
[e-mail]	www.abchurch-group.com

Notes to editors:

About Focus Solutions Group plc

Focus Solutions is an established and proven supplier of multi-channel distribution software to the global financial services industry.  

Focus has delivered over 100 complex front office projects with multiple integration points and partners to a blue chip client base including 8 out of the top 10 UK Life & Pension providers, a number of leading bancassurers including the likes of HSBC and Irish Life, significant wealth management players such as St James's Place and a number of mortgage providers.  The technology truly enables straight through processing whilst providing an engaging client and adviser experience to submit and service business electronically. 

focus:360° is at the core of all client implementations providing a single, agile, multi-channel technology platform.  Focus has brought together three key areas of expertise: software, consultancy and service delivery. This totally integrated approach means clients can distribute any product across any channel. At the same time they can maintain an enterprise-wide view of the customer value and risk.

For further information on Focus, please visit www.focus-solutions.co.uk

 

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