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Last checked at 
14 Dec 2009 07:00
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ARCONTECH GROUP PLCΒ
("Arcontech" or the "Group")
New Contract
Arcontech Group plc (AIM: ARC), a provider of enterprise real-time software solutions to the investment banking and broking sectors, is pleased to announceΒ a new contract winΒ by its Arcontech Ltd subsidiaryΒ for its CityVisionΒ market data distribution products.Β The sale has beenΒ made toΒ a leadingΒ internationalΒ bank.Β Β
The new businessΒ willΒ generate revenuesΒ in excessΒ ofΒ Β£1.4m over the next three years.
Andrew Miller, CEO of Arcontech plc commented: "This is further evidence that our hard work and renewed focus on the marketing of our superior technology is starting to yield the results we had anticipated. New deals this year, including the Scandinavian bank announced on November 27th, broadly double our contracted recurring revenues. We continue to enhance our "CityVision" products which are aimed at firms seeking both vendor independence and cost efficiency for their vital high speed global data distribution needs. Notably, this latest deal includes not only core infrastructure but also a significant number of positions for our Excelerator real-time desktop product, which we believe has tremendous growth potential as banks strive to reduce costs whilst increasing performance and flexibility."
For further information please visitΒ www.arcontech.comΒ or contact:
|
Arcontech GroupΒ plc Andrew Miller, Chief Executive Richard Last, Chairman |
020 7256 2300 01608 683 108 |
|
Astaire Securities Plc Shane GallweyΒ |
020 7448 4400 |
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