Focus Solutions Group PLC
14 June 2007
Embargoed until 7am 14 June 2007
Focus Solutions Group plc ("Focus" or "the Group")
Focus Solutions Group plc signs restructured licence agreement with Openwork
Limited
Focus Solutions Group plc (AIM:FSG), is pleased to announce it has signed a
restructured enterprise licence agreement with existing client Openwork Limited,
a financial services multi-tie distribution company.
The enterprise licence agreement is for the Openwork Trading Platform (Openwork
is the UK's largest stand-alone, exclusive multi-tied, directly authorised
distribution network) and for multiple sales processes covering the MCOB
(Mortgage Conduct of Business), ICOB (Insurance Conduct of Business) and COB
(Conduct of Business) business streams.
The contract is worth between £650,000 and £900,000 over five years and includes
licence, support and maintenance fees for several aspects of the Focus
technology product suite and a number of solutions.
Neil Ratcliffe, IT and Business Change Director from Openwork said: "Focus were
the obvious choice for the new Openwork Trading Platform, as they have a proven
track record within the industry for supplying successful e-commerce solutions.
We look forward to realising the same business benefits from this implementation
as with previous sales solutions developed by Focus."
Richard Stevenson, Chief Executive, Focus Solutions Group said: "Openwork is
making real progress in the multi-tie market and we are very pleased to be
continuing our relationship with them. Keeping up to date with regulatory
requirements is a big issue for organisations and Focus' technology provides
them with the flexibility to comply with the changing business requirements of
today and the future. The contract restructuring underpins our confidence in our
expectations for the Group."
END
Enquiries:
Focus Solutions Group plc
01926 468300
Richard Stevenson - Chief Executive
Martin Clements - Finance Director
Seymour Pierce Limited
Mark Percy
0207 107 8000
Smithfield
Tania Wild/Reg Hoare
0207 360 4900
Notes to editors:
About Focus Solutions Group plc
Focus is an established supplier of easily configured & re-usable component
based software & business services, which enable faster, more effective & cost
efficient processing of complex customer transactions.
Focus has helped some of the world's leading public & private sector
organisations to successfully automate their most demanding customer processes.
For further information on Focus, please visit www.focus-solutions.co.uk.
About Openwork
Openwork is the UK's largest stand-alone, exclusive multi-tied, directly
authorised distribution network. The concept was conceived in response to the
changes to the regulatory shape of the UK life industry. Openwork has over 2,500
financial advisers' spread throughout the UK offering face to face advice to
consumers. For further information on Openwork, please visit www.openwork.uk.com
This information is provided by RNS
The company news service from the London Stock Exchange