Software firm lands first Asia Pacific contract with £0.5m deal

Elizabeth Gooch, chief executive of eg Solutions

STAFFORDSHIRE back office software supplier, eg solutions has secured its first ever direct contract in the Asia Pacific region.

The Dunston-based company, which announced in its interims that it was targeting new markets in the Far East, has signed a deal with a leading financial services group, headquartered in Singapore.  

The contract is worth approximately £500,000 with circa 50% of the deal value expected to be recognised in the current financial year.
 
The contract will see the deployment of the eg operational intelligence software suite within the client’s Consumer Banking division. It follows a successful proof of concept project, conducted earlier this year, when integration with the client’s existing workflow systems was completed.

Even better for the company, there is an imminent potential for the contract to be expanded.
 
Elizabeth Gooch, CEO of eg solutions, said: “I am pleased to be able to announce this landmark deal which demonstrates the world class capabilities of the eg operational intelligence software suite.

“As we reported in our Interim statement, we have a promising pipeline of new business opportunities across five channels including international expansion, and the board looks forward to providing further updates in due course.”
 
 

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