Business
Global Contract Win
Global Contract Win.
About this update from Foresight Group Holdings Ltd.
[{"type":"text","content":"\n RNS Number : 7892J Focus Solutions Group PLC 07 April 2010 \n \n\n \n\n\n\n\nPress Release\n\n\n 7 April 2010\n\n\n\n\n \nFocus Solutions Group plc\n(\"Focus Solutions\" or the \"Group\")\nGlobal Contract Win\nFocus Solutions Group plc (AIM:FSG), a leading provider of multi-channel distribution solutions to the global financial services market, is pleased to announce that it has won a new contract with Mastek, a high-end IT solutions player with global operations providing new technology and intellectual property (IP)-led enterprise solutions. \n \nThe contract, which is worth a minimum of £2.75 million over five years, and will allow Mastek to re-sell focus:360°, the Group's market leading multi-channel distribution platform, across North America, Europe (excluding the UK) and Asia Pacific.Starting in March 2010, the contract comprises a five year term licence for focus:360°, worth £500,000 per annum, together with an additional £50,000 per annum of support services. \nAs part of the agreement Mastek will become a systems integrator for direct engagements with clients outside of the UK, providing Focus Solutions with scalable resource capabilities on a global basis. In addition Mastek will invest in creating an IT centre of excellence to support the implementation and configuration of focus:360° in those territories, as well as provide in-region application support and hosting. \nThe partnership may also see Focus Solutions and Mastek launch a series of joint value add propositions directed at the European, North American and Asia Pacific markets as well as for the UK to specifically help insurers prepare for a post-RDR world. \nRichard Stevenson, Chief Executive, Focus Solutions, said: \"We are delighted that Mastek has chosen focus:360° as its multi-channel distribution platform front-ending their Elixir policy administration platform. We see this as a great opportunity for focus:360° to be utilised outside of our traditional UK and Irish markets through Mastek's strong presence across the US, Europe and Asia Pacific. It has always been a key strategy of the Group to extend our international reach and we are looking forward to working with Mastek to provide a unique proposition for global life & pension providers and wealth management firms.\"\nMike Br...