Last checked at 13 Aug 2008 10:09
RNS Number : 2226B
Focus Solutions Group PLC
13 August 2008
| 151-04 | 10th August 2008 |
Focus Solutions Group (“Focus” or the “Group”)
Reseller’s Agreement with Phormion
Focus Solutions, (AIM:FSG), a leading provider of proven enterprise solutions to the financial services market, is pleased to announce that it has signed a reseller’s agreement with Phormion, a European information technology company.
The reseller’s agreement will provide Phormion with the opportunity to sell the focus:360° proposition, specifically the front office solutions - focus:pos and focus:extranet, in Belgium, the Netherlands and Luxembourg.
Phormion has successfully built its businesses across the EMEA region and has experience of introducing new products to this market. Financial services institutions in Europe have long been waiting for a single solution to front end their sales processes.
The focus:360° solution is unique to the market, providing an agile, adaptable front end capability to the sales process, enabling bancassurers, distributors and providers to distribute financial products effectively and efficiently. Financial Services organisations in the UK have similar challenges to those within Europe, such as improving the customer/adviser experience, reducing costs, adhering to regulation and increasing market share.
Richard Stevenson, Chief Executive, Focus Solutions Group plc, comments;
“focus:360° is currently gaining great traction in the UK and Ireland servicing the needs of the financial services industry with a single end to end distribution platform that can be configured to business requirements. Based on Focus' experience of creating sales automation solutions in the UK, we feel the challenges faced by European financial institutions are very similar - adhering to increasing regulation, improving distribution and reducing costs. Phormion will provide us with an international sales team with local business knowledge, experience and language skills and we are delighted to be working with them, enabling us to grow the brand further in Europe.”
Philippe Verwaerde, Director, Phormion, added;
“Focus is a market leading player in delivering enterprise solutions to the financial services industry and we are looking forward to promoting their focus:360° solution to the European market. We understand the dynamics of the European financial services markeplace and believe the focus:360° solution is uniquely positioned to address these challenges. Phormion has a successful track record of bringing new products to market and delivering major IT programmes. In addition to securing new customers for focus:360° in Europe, we will also provide an international delivery arm, services and first line support for our clients. We are pleased to report that we already have a sales opportunity in the pipeline.”
END
Enquiries:
Focus Solutions Group plc 01926 468300
Richard Stevenson – Chief Executive
Martin Clements – Finance Director
Daniel Stewart & Company Plc 020 7776 6550
Graham Webster/Chloe Ponsonby
Smithfield 0207 360 4900
Miranda Good/Will Henderson/Reg Hoare
Notes to editors:
About Focus Solutions Group plc
Focus Solutions is an established and proven supplier of enterprise solutions to the financial services industry in both the UK and Ireland. Focus has an unrivalled reputation, based upon vast experience, domain knowledge and technical expertise in delivering successful market leading sales automation solutions to some of the foremost financial institutions, providing a benchmark by which other vendors are judged.
Focus offers organisations an integrated whole office solution through a single technology platform – focus:360˚. A suite of modular, configurable components that provides a complete end to end technology solution for financial services distributors, combining front office solutions with sales process and support tools and back office capability – a first for the industry!
Focus has a successful track record of implementing multi-channel solutions across a broad range of financial services products to thousands of end users, enabling client’s to concentrate on their core business – providing quality, compliant financial advice.
For further information on Focus, please visit www.focus-solutions.co.uk.
About Phormion
Phormion NV was founded by Philippe Verwaerde (ex-owner of Tree Associates NV) and Jos Poelmans( ex CIO of Brussels Airport) in February 2007. Both founders have over 20 years experience in the IT-market, from both supplier and end-user perspective.
http://www.phormion.be
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