22 Apr 2010 07:00
| FOR IMMEDIATE RELEASE | 22 April 2010 |
eg solutions plc
NEW CONTRACT WIN IN SOUTH AFRICA
eg solutions plc ("eg solutions", "eg" or "the Company"; LSE-AIM: EGS), the back office optimisation software company, is pleased to announce the signing of a contract with a new customer in South Africa to supply eg's software and services.
The new customer is one of South Africa's leading investment administration companies, providing back office outsourced services to many South African investment companies with some £24 billion of assets under administration. Employing over 300 people, the customer will be using eg's solutions across its organisation to implement capacity planning, work and resource scheduling.
The contract is valued at approximately £525,000 at current exchange rates and is expected to be recognised during the current year.
Elizabeth Gooch, Chief Executive Officer, commented:
"This latest contract demonstrates our continued penetration of the South African market and the value of our solutions to back office outsourcers.."
ENDS
CONTACTS
| eg solutions plc | 01785-715772 |
| Elizabeth Gooch, Chief Executive Officer | www.eguk.co.uk |
| Bankside | 020-7367-8888 |
| Steve Liebmann, Simon Bloomfield or Andy Harris | |
| Arbuthnot Securities Limited | 020-7012-2000 |
| Tom Griffiths |
About eg solutions plc
eg solutions plc is a global back office optimisation software company. Our software provides historic, real-time and predictive Operational MI. When implemented with our training programme for managers and team leaders to use this intelligence, we guarantee improvements in operational results in short timescales.
The Company, which is listed on the Alternative Investment Market ('AIM') of the London Stock Exchange, is committed to customer satisfaction and the ongoing development of its operations management solutions.