Eg secures new South African contract

STAFFORDSHIRE-based financial services software supplier eg solutions has secured a £0.5m contract with a new customer in South Africa.

The new customer is one of South Africa’s leading investment administration businesses, providing back office outsourced services to many of the country’s investment companies. It has around £24bn of assets under administration.  

Employing more than 300 people, the customer will be using eg’s solutions across its organisation to implement capacity planning, work and resource scheduling.
 
The contract worth approximately £525,000 at current exchange rates and is expected to be recognised during the current year.
 
Elizabeth Gooch, eg chief executive, said: “This latest contract demonstrates our continued penetration of the South African market and the value of our solutions to back office outsourcers.”