South Africa order boosts eg solutions
STAFFORDSHIRE software supplier eg solutions has announced one of the ‘major contract wins’ it trailed at its AGM last month.
The firm, which specialises in back office optimisation software, said it has signed a sales contract worth £660,000 over the next 20 months with a healthcare outsourcing company in South Africa, an existing customer.
The new contract provides 20 months of implementation support for roll-out of the eg operational intelligence software suite to a further 1,100 users. The implementation will be undertaken in phases with the first phase covering an additional 300 users in Cape Town. It follows successful implementations in Braamfontein and Pretoria and takes the total number of current users to 700 with potential to increase this to up to 1500 users over the 20-month implementation period.
Elizabeth Gooch, eg’s chief executive said: “This latest contract win is the result of delivering significant benefits to the customer since October 2009. It demonstrates how eg’s growth is sustained through strong relationships with existing customers and the performance of our products, as well as winning new customers.”
At its AGM last month, non-executive chairman Rodney Baker-Bates said: “In the UK, having reorganised and expanded our sales team, we are building our order pipeline with new and existing customers. We expect this activity to result in new project wins over the coming months.
Overall, approximately 60% of anticipated revenues for the current year are already contracted.”
He said the continued growth in revenues and profits, and continued focus on controlling costs had resulted in increases to cash balances, which currently stand at £1.3m, compared to £0.7m this time last year. He said this would enable continued investment in the business.
