Focus Solutions Group PLC
17 April 2003
17 April 2003
Focus Solutions Group plc
Focus signs largest goal:technology contract to date
Focus Solutions Group, the specialist provider of sales automation solutions,
has signed a licence agreement worth not less than £960,000 over four years for
the use of its goal:technology software with a top five Insurance Company*.
Under the terms of the agreement with Focus, the customer will extend its use of
Focus's goal:technology software to develop solutions for use by IFAs and
business partners as well as high volume internal systems. This existing
customer already uses goal:technology in solutions used to generate new business
proposals for life and pensions products, for general insurance business and for
mortgage business.
This order will contribute significantly towards the continued growth of Focus'
recurring revenue stream and visibility of earnings and the Board believes
further significant revenues will be generated through additional services to
this customer in 2004 and beyond.
John Streets, Chief Executive of Focus Solutions, said:
"This contract represents a substantial step forward for Focus. The agreement
represents the largest goal;technology contract to date and strengthens the
relationship with the insurance community, which will influence moving forward
our product development plans to the benefit of both parties. Focus's technology
continues to be in demand from major financial services companies keen to
improve efficiency , cut costs and realise ROI in less than one budget period."
* Contract prohibits publicity
Enquiries
Focus Solutions Group plc 01926 468300
John Streets
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. 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 which has recently been recognised as 'the best use of
information technology in insurance' by FST 2003 Awards.
Focus's blue chip customer base includes: Misys, The Exchange, Friends
Provident, IFAengine, Legal & General, Norwich Union, Prudential, Scottish
Equitable, Scottish Provident, Scottish Widows, Skandia, Standard Life and
Zurich.
For more 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
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Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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