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Fusionex Soars As Big Data Analytics Product Secures First Order

Wed, 29th Jan 2014 08:26

LONDON (Alliance News) - Enterprise software provider Fusionex International PLC Wednesday saw its shares rise sharply after it said it had won a first contract for its big data analytics product GIANT.

In a statement, the company said the contract is a multi-million dollar deal over five-years, with an option for renewal.

It didn't name the customer, but said the client will deploy GIANT to consolidate, retrieve, manage and process its data for advanced analytics to derive the information and insights that it seeks.

"This is a GIANT step that Fusionex has taken to establish itself as a key Big Data Player. We have received tremendous response since the launch of our Big Data product last month. Securing this first landmark win reinforces the potential of GIANT and validates our growth strategy," Managing Director Ivan Teh said in a statement.

Fusionex shares were up 12.8% at 660 pence early Wednesday, the biggest gainer on AIM.

By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1