16 Feb 2017 09:19
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Don't have an account? Click here to register.EG Solutions reassures investors over Aspect concerns
Thu, 10th Mar 2016 15:38
(ShareCast News) - The board of software firm EG Solutions was working to reassure investors on Thursday, after one of its shareholders and commercial partners filed for bankruptcy protection.It was announced on Wednesday in the US that Aspect Software had filed for protection in the District of Delaware in Wilmington. Under the terms, Aspect was seeking to restructure its debt as well as make a $60m rights offering of first-lien debt.General unsecured creditors were to be paid in full in cash, though existing debt and equity lines were to be compromised."EG has an existing strategic partnership and reseller agreement with Aspect dating back to February 2013. Aspect also owns a 9.5% equity interest in EG and has a representative on the EG board," the company's board confirmed in a statement.The EG board said it would assess the impact on its relationship with Aspect, though at this stage it was unlikely to have any impact on the group's earnings outlook.A date for the hearing of the bankruptcy petition was yet to be set, though it was understood Aspect wanted to complete the restructuring process within 105 days.
More News
16 Feb 2017 09:16
EG Solutions wins £692,000 public sector contract
(ShareCast News) - Shares soared in EG Solutions after the back office technology company said it had won a £692,000 contract to implement its operational intelligence software within the public sector. The contract was won in partnership with the provider of the EG's managed cloud service platform,
Read more13 Feb 2017 10:02
EG Solutions on the up as full-year revenue to be in line with expectations
(ShareCast News) - Shares in EG Solutions soared on Monday as the back office software company anticipates that revenue for the year will be in line with expectations after the implementation of its strategy to profitably scale the business. At the beginning of the second half of the year, the compa
Read more3 Jan 2017 08:07
EG Solutions announces CFO resigns from Aspect Software
(ShareCast News) - Bob Krakauer resigned as chief financial officer of US firm Aspect Software, the partner of AIM-listed EG Solutions, a back office workforce optimisation company, on Tuesday. EG Solutions said that Krakauer will remain on the board of the company as a non-executive director "in li
Read more15 Nov 2016 08:28
EG Solutions wins £1.3m contract with retail energy supplier
(ShareCast News) - Back-office software company EG Solutions has won its first mobile and multilingual contract with a retail energy company, worth £1.3m. The AIM-listed company will implement its EG operational intelligence software and EG mobile product across 500 back office, call centres and sal
Read more18 Aug 2016 13:55
EG Solutions partner secures $1m contract
(ShareCast News) - AIM-listed EG Solutions said on Thursday that its partner Aspect Software Inc. has closed a three-year contract with an unnamed social networking corporation to supply EG's back office optimisation software. The initial contract is valued at $1m, with up to 4,000 licences being
Read more4 Jul 2016 12:30
Michael Woolley appointed CFO of EG Solutions
(ShareCast News) - Michael Woolley has been appointed chief financial officer of optimisation software company EG Solutions with immediate effect. Woolley, 29, joined EG in November 2014 from Pets at Home, where he was senior management accountant and was involved in the company's initial public off
Read more26 May 2016 13:18
16 May 2016 15:10
16 Mar 2016 16:06