Business
Contract Win
Contract Win.
About this update from Foresight Group Holdings Ltd.
[{"type":"text","content":"\n RNS Number : 8988B Focus Solutions Group PLC 04 November 2009 \n \n\n\n\n\n\nPress Release\n\n\n 4 November 2009\n\n\n\n\n\nFocus Solutions Group plc\n(\"Focus Solutions\" or the \"Group\")\n \nContract Win\n \nFocus Solutions Group plc (AIM:FSG), a leading provider of proven enterprise solutions to the financial services market, is pleased to announce that it has won a new contract with a major UK adviser network. The contract is expected to be worth approximately £2 million over five years, and is for the focus:360° multi-channel distribution platform, the Group's wealth management and mortgage sales software which will be configured to support the network's Investment, Pensions, Protection and Mortgage business.\n \nThis contract comprises a five year term for the licensing, support and maintenance of the focus:360° software, based on a per user licence worth approximately £700,000. Focus Solutions will also provide professional services to support the configuration and implementation of focus:360°. The remainder of the contract value will be delivered through transactional based revenues. This contract is consistent with the Company's strategy to grow longer term, recurring licence and transactional revenues from an expanded customer base.\nfocus:360° multi-channel distribution has been chosen by one of the UK's most successful, independently owned IFA network's group, with currently over 5,500 advisers. The new solution will enable the network and its membership of appointed representative financial advisers to deliver a fully integrated and consistent financial planning service to their clients which will improve efficiency and productivity, enhance their customer service and demonstrate TCF (Treating the Customer Fairly), and a regulatory compliant process in a post RDR world.\n \nRichard Stevenson, Chief Executive, Focus Solutions, said: \"We are delighted to be working with one of the UK's leading network's on such a strategic aspect of their offering to their members. This is the largest transactional revenue based contract that we have won for focus:360° to date and it is fully alig...