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LONDON (Alliance News) - Software and outsourcing services provider Innovation Group PLC said Tuesday it has won a new contract with an undisclosed European insurance company, valued at GBP4.8 million.
GBP2 million of this will be recognised over the next year. Under this contract, Innovation Group will provide its Insurer Claims and Insurer Analytics software products.
"Our technology pipeline remains strong, and we are confident that further success in client wins will underpin our ambitions for the full year," said Chief Executive Officer Andy Roberts in a statement.
Shares in Innovation Group are trading down 1.7% at 29.00 pence Tuesday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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