Focus Solutions Group PLC
31 March 2008
Embargoed until 0700 31st March 2008
Focus Solutions Group
("Focus" or the "Group")
Contract Win & Trading Update
Focus Solutions, (AIM: FSG), a leading provider of proven enterprise solutions
to the financial services market, is pleased to announce a contract win and
trading update.
Contract Win
Focus Solutions has been selected by a leading European information technology
company to provide software components and development services to assist in the
delivery of Intermediary and Consumer Portal solutions for its mortgage
customers. The value of the initial contract is £710,000 and relates to the
delivery of the solution to two customers.
The partnership arrangement will potentially benefit thirty six of their
existing customers who will be able to adopt the new product as a complementary
module. It will also be offered to new customers looking for a cost effective
solution to provide online sales of mortgage products. The solution will include
Focus' revolutionary new focus:360degrees product, providing a multi-channel
solution to support the business to consumer (B2C) channel via a lender's web
site and the business to business (B2B) channel to support mortgage
intermediaries.
Richard Stevenson, Chief Executive, Focus Solutions Group plc, comments:
"We are delighted to have been selected as the development partner by such a
significant supplier to the UK mortgage market. This is a tremendous endorsement
of our market-leading position and our ability to provide multi channel
solutions from a single technology platform. The new focus:360degrees
proposition is gaining significant traction in the marketplace and this deal
further cements our position in multi-channel mortgage distribution."
Comment on Current Trading
"The Board is pleased to report that the Group is trading broadly in line with
expectations. We have a strong pipeline of new business and remain confident
about the prospects for the Group and further sales of the focus:360degrees
product suite."
END
Enquiries:
Focus Solutions Group plc 01926 468300
Richard Stevenson - Chief Executive
Martin Clements - Finance Director
Daniel Stewart 020 7776 6550
Graham Webster/Chloe Ponsonby
Smithfield 0207 360 4900
Tania Wild/Reg Hoare
Notes to editors:
About Focus Solutions Group plc
Focus Solutions is an established and proven supplier of enterprise solutions to
the financial services industry in both the UK and Ireland. Focus has an
unrivalled reputation, based upon vast experience, domain knowledge and
technical expertise in delivering successful market leading sales automation
solutions to some of the foremost financial institutions, providing a benchmark
by which other vendors are judged.
Focus offers organisations an integrated whole office solution through a single
technology platform - focus:360. A suite of modular, configurable components
that provides a complete end to end technology solution for financial services
distributors, combining front office solutions with sales process and support
tools and back office capability - a first for the industry!
Focus has a successful track record of implementing multi-channel solutions
across a broad range of financial services products to thousands of end users,
enabling client's to concentrate on their core business - providing quality,
compliant financial advice.
For further information on Focus, please visit www.focus-solutions.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange