Foresight Group Holdings Regulatory News (FSG)

8 Jan 2010 07:00



Focus Solutions Group plc

("Focus Solutions" or the "Group")

Contract Extension with Assureweb

Focus Solutions Group plc (AIM:FSG), a leading provider of proven enterprise solutions to the financial services market, is pleased to announce the signing of a contract extension with Assureweb, the comparison quotation portal for Life & Pension products.

This contract extension will see Focus Solutions sharing in the transactional based revenue for all  electronic applications that are submitted via the portal within focus:360°, the Group's market leading product suite. This contract is consistent with the Group's strategy to grow longer term, recurring licence and transactional revenues from a broader customer base. 

Focus Solutions has extended its strategic relationship with Assureweb to enable advisers to more effectively source comparative quotations and new business applications for Life & Pension products. Through Assureweb's enhanced integration with focus:360° and under the extended partnership, advisers  using the combined solution will be able to benefit from a seamless quote and apply process.

Richard Stevenson, CEO of Focus Solutions commented, "This contract is yet another step towards  achieving our objective of delivering greater recurring revenues from an increased customer base, building on our contract win with a major UK adviser network announced last month. We have had a long standing, successful partnership with Assureweb which has added significant value to our clients and we look forward to continuing this relationship and introducing additional services for our customer base."

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About Focus Solutions Group plc

Focus Solutions is an established and proven supplier of enterprise solutions to the financial services industry in the UK, Ireland and more recently across Europe.

Focus has delivered over 100 complex front office projects with multiple integration points and partners to a blue chip client base including 8 out of the top 10 UK Life & Pension providers, a number of leading bancassurers including the likes of HSBC and Irish Life, significant wealth management players such as St James's Place and a number of mortgage providers. The technology truly enables straight through processing whilst providing an engaging client and adviser experience to submit and service business electronically.

focus:360° is at the core of all client implementations providing a single, agile, multi-channel technology platform. Focus has brought together three key areas of expertise: software, consultancy and service delivery. This totally integrated approach means clients can distribute any product across any channel. At the same time they can maintain an enterprise-wide view of the customer value and risk. 

For further information on Focus, please visit www.focus-solutions.co.uk