8 Jul 2008 07:00
RUBICON SOFTWARE GROUP PLC
(AIM: RUBI)
Pre-close Statement
Rubicon Software Group plc ("Rubicon" or "the Company"), a leading provider of smart customer relationship
management IT solutions, today issues a pre-close trading update for the year ended 30th June 2008, prior to its
preliminary results announcement scheduled for 19th November 2008.
Rubicon is pleased to announce that results for the year ended 30th June 2008 are anticipated to be in line with market
expectations.
Despite the considerable impact of the extreme downturn in the second charge loans market caused by the credit
crunch, Rubicon has moved quickly and effectively to reduce operating costs and re-align marketing efforts.
We are also pleased that we have achieved solid repeat business during the second half from existing clients and
a new client win in the form of a 3 year agreement with Your Financial Solutions. This latest win is evidence that
clients using the Accelerator platform are still able to derive material benefits from our product despite a reduced
number of lenders, and the Board continues to believe that the proven operational efficiencies generated
by Accelerator will drive significant demand when market conditions improve.
Our efforts to broaden solutions beyond the mortgage and secure loans space have resulted in two new client wins for
our development services since the half year.
The year ahead will be challenging, but the Directors believe that, with a number of new opportunities in the
pipeline, the business is now well placed to move forward, despite the current adverse conditions.
For further information, please contact:
Rubicon Software Group PLC Tel: 01276 706 900
Alistair Hancock, Chief Executive Officer www.rubiconsoftware.com
W.H. Ireland Tel: 0121 265 6300
Tim Cofman/Katy Birkin
Lothbury Financial
Michael Padley / Louise Davis Tel: 020 7011 9411
Notes to Editors
About Rubicon
Based near Woking in Surrey, Rubicon is a provider of smart decisioning and workflow automation software to niche
markets within the UK financial services sector, notably secured loan brokers and building societies. Its core
technology is designed to enhance the effectiveness and efficiency of customer service, fulfillment and product
selection, whilst facilitating business process and change management. Current clients include Your Financial
Solution, a recent client win, First Response Finance, Loanoptions.co.uk, Market Harborough Building Society,
Mortgages plc, and Norton Finance. The Group's technology is applicable to other markets and the Company is
currently actively targeting these new areas. For more information, please visit www.rubiconsoftware.com.