Licence Agreements
Focus Solutions Group PLC
03 December 2002
3 December 2002
Focus Solutions Group plc
Focus signs contracts with Misys and Skandia
Focus Solutions Group, the specialist provider of sales automation solutions,
has signed licence agreements worth £600,000 for the use of its goal:technology
software with Misys IFA Services and with The Skandia UK Group.
Misys IFA Services is a wholly-owned subsidiary of Misys plc, and operates four
IFA networks. Under the terms of its agreement with Focus, Misys IFA Services
will use Focus's goal:technology software in its IFA Point of Sales / Compliance
desktop solution. The solution, known as mi-solution, will initially be rolled
out to 1,200 users within the 7,000 strong Misys Network this month, and will
be supported by eight life and pensions providers. The contract with Misys IFA
Services is for five years and is expected to generate a minimum of £400,000
revenue over that period.
Under the terms of the agreement with Skandia, Focus's goal:technology will be
deployed across Skandia's extranets to build investment bond applications in
Norwegian, Finnish and Swedish. Skandia further expects to use goal:technology
across its European operations next year via its European network of extranets.
The contract, the first European licensing agreement for goal:technology, will
generate revenues of £200,000 over two years.
John Streets, Chief Executive of Focus Solutions, said:
"These two contracts represent a substantial step forward for Focus. The
agreement with Misys IFA Services will help kickstart electronic trading in the
IFA community, while the agreement with Skandia proves that our technology is
well equipped for use in building and deploying financial services product
applications across multiple currencies, languages, channels and compliance
environments."
Enquiries
Focus Solutions Group plc 01926 468300
John Streets
Claire Forrest
Citigate Dewe Rogerson 020 7638 9571
Chris Barrie
Sara Batchelor
Notes to editors:
1. About Focus Solutions Group
Focus Solutions Group is a specialist provider of sales automation solutions for
the financial services industry. Based on goal:technology, its business process
automation software, 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 its 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, The Exchange, Friends Provident,
IFAengine, Legal & General, Norwich Union, Prudential, Scottish Equitable,
Scottish Provident, Scottish Widows, Skandia, Standard Life and Zifa.
Focus recently expanded internationally by acquiring its US partner, MPO, to
form Focus Solutions Inc. For further information on Focus Solutions, please
visit www.focus-solutions.co.uk.
Focus is announcing its interim results for the six months to 30 September 2002
today as a separate announcement.
2. About Misys IFA Services
Misys IFA Services comprises IFA networks encompassing over 4,500 Independent
Financial Advisers in the UK, including Countrywide Independent Advisers, DBS,
The Kestrel Network, IFA Network, and Financial Options.
This information is provided by RNS
The company news service from the London Stock Exchange
AGRFSMFUESESELE