Contract with Prudential plc
Focus Solutions Group PLC
4 July 2002
4 July 2002
Focus signs three year contract with Prudential plc
Focus Solutions Group plc ("Focus" and "The Company"), the specialist provider
of sales automation solutions to the financial services industry, announces
today that Prudential, one of the top life and pensions providers in the UK, has
signed a three year licence to use 'goal:technology', developed by Focus, to
enable the process of capturing new life and pensions applications
electronically.
Prudential will initially use 'goal:technology' for its investment bond and term
assurance products, enabling IFAs to capture and validate client data and submit
applications electronically from the IFA channel via the industry portals.
Prudential's products will be added to the existing 33 electronic products
provided by 13 insurance companies that are live on the IFA portals; Assureweb,
IFAEngine and The Exchange. This will give Prudential access to 28,000 IFAs who
are already registered on the portals.
John Streets, Chief Executive of Focus Solutions Group plc, said:
"The contract with Prudential is an important step forward in the development of
the Company as it further strengthens our leading position as a specialist
provider of sales automation solutions. We now work with 14 of the major life
and pensions players in the UK and we remain confident that we are well
positioned to help financial services companies respond to change easily and cut
the cost of their sales process. Prudential will add to the critical mass
required to accelerate volumes of electronic transactions, reducing costs and
delivering a return on investment for all participants in the insurance market."
-ends-
Enquiries:
Focus Solutions Group 01926 468 300
John Streets
Claire Forrest
Citigate Dewe Rogerson 020 7638 9571
Chris Barrie
Sara Batchelor
Notes to editors:
About Focus Solutions Group
Focus Solutions Group is a specialist provider of sales automation solutions for
the financial services industry. Through goal:technology, its XML based
collaborative toolkit, Focus delivers straight through electronic processing to
create a paperless sales process across multiple channels to market including
IFA portals, websites, Extranets, direct sales and call centres.
Focus has a portfolio of market facing propositions and services to help
customers to implement and use technology effectively. Propositions are
available for the Life and Pensions, Mortgage and General Insurance markets.
Focus has specific expertise in Point of Sale systems, having developed RIO,
Norwich Union's POS solution for their direct sales, tied agents and
telemarketing channels.
Focus customer base includes: Assureweb, Exchange FS, Friends Provident,
IFAEngine, Legal & General, Norwich Union, Royal & Sun Alliance, Scottish
Equitable, Scottish Provident, Scottish Widows, Skandia, Standard Life,
Prudential and Zifa.
Focus recently expanded internationally by acquiring its US partner, MPO, to
form Focus Solutions Inc. Focus Solutions announced its year-end results on
30.04.02, including revenues increased by 123% to £5.1m. For further
information on Focus Solutions, please visit www.focus-solutions.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange