eg Solutions PLC Regulatory News (EGS)

eg solutions plc

Local Government Contract Win

eg solutions plc (AIM: EGS), the back office optimisation software company, is pleased to announce that it has won a major new contract to deploy the eg operational intelligence® Managed Cloud Services in partnership with a major third party outsourcing company. The contract is within Local Government and represents eg solutions' first deployment in this vertical.

The contract has a total value of at least £1.6m over four years with approximately £500k expected to be recognised in the financial year commencing 1 February 2015. The balance will be recognised over the following three years adding further to the Company's order book and forward visibility.

The deployment is intended to optimise the processing performance of council tax and benefits across a number of local authorities. The initial implementation will commence immediately.

Commenting on the contract win, Elizabeth Gooch, Chief Executive Officer of eg solutions, said:

"We are delighted to have signed this contract in another new vertical, which further demonstrates applicability of our software across many sectors. We look forward to growing our presence in this new sector and continuing to work in partnership with third party outsourcers".

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About eg solutions plc

eg solutions is a back office workforce optimisation software company. eg pioneered this new market space and developed the most complete, purpose built workforce optimisation software for back offices - the only solution that manages work, people and end-to-end processes wherever they are undertaken, anywhere in the world.

Our software is now used by leading UK, international and global companies in multiple industry sectors including financial services, healthcare and utilities.

Using our forecasting, scheduling, real-time work management and operational analytics capabilities we deliver measureable improvements in service, quality, productivity and regulatory compliance. When supported by our implementation and training services we guarantee return on investment in short timescales.

Regardless of who is serving the customer - call centre, back offices, branches or the field - our solutions provide true insight into the full customer service process and promote world-class operational management capability.

The Company is listed on the Alternative Investment Market ('AIM') of the London Stock Exchange (EGS)