Corero Network Regulatory News (CNS)

2 Aug 2007 07:02

Corero PLC02 August 2007 Corero plc Further wins for Business Systems division With two further wins this week, the Business Systems division of Corero has nowsigned 11 City Academies during the current year for its Resource Financialspackage. This brings the total number of City Academies contracted to useResource Financials to 21, which represents just over 25 per cent. of the 83existing City Academies. The number of City Academies is planned to grow to 400by 2010, creating a substantial market opportunity for Corero. Furthermore, the Business Systems division has also signed up three newcustomers within its key target sector of further education. These are SirGeorge Monoux Sixth Form College and South Trafford College of FurtherEducation, which have both recently selected the Resource Financials solutionand Haringey Sixth Form Centre, part of Haringey Council, which selected boththe Resource Finance and Learner Management & MIS solutions. This brings the total number of Corero customers within the education sector to168. The Corero directors continue to view this as a very exciting marketsector and the Company continues to invest in its product range and in resourcesto deliver solutions to these customers. Bernard Snowe, Managing Director of Business Systems division, commented: "We have had a really successful period in Business Systems, building on ourexisting success with sixth form colleges and expansion into the furthereducation sector. We continue to see considerable opportunities in both thesemarket places." Enquires: 2 August 2007 Corero PLC Peter Waller (Executive Chairman) 07785 228080 Ian Selby (Finance Director) 01923 695191 John East and Partners Limited 0207 628 2200 John East/Virginia Bull College Hill Associates 0207 457 2020 Matthew Smallwood/Jamie Ramsay Notes to editors: Resource Financials forms the core of the Corero Business Systems suite ofapplications. Also featured are solutions for eProcurement, Project Costing, HR& Payroll, Continuing Professional Development and Learning Management. Togetherwith Workflow and Web Applications, covering Reporting, Timesheets, Expenses andRequisitions, there are over 60, highly integrated modules offering large andsmall enterprises modern and dynamic business solutions. This information is provided by RNS The company news service from the London Stock Exchange