Foresight Group Holdings Regulatory News (FSG)

19 Nov 2009 07:00



Focus Solutions Group plc

("Focus Solutions" or the "Group")

US patent granted for focus:technology software

Focus Solutions Group plc (AIM:FSG), a leading provider of proven enterprise solutions to the financial services market, is pleased to announce that it has been granted a patent by the U.S. Patent and Trademark Office for electronic forms and data verification. 

The patent covers the Group's innovative suite of highly flexible development tools, focus:technology, (previously known as goal:technology) which underpin all of the Group's focus:360° products.  The software enables the rapid creation of web based user interfaces that can capture, validate and report data for financial services organisations. Through achieving this US patent, the Group is clearly demonstrating and protecting its IPR in relation to electronic form creation and data verification.

To secure the US patent the Group had to prove that its technology was original, innovative and works. The patent is valid until June 24th 2024. This patent award follows the award of the UK patent (GB 2389499) for electronic forms and data verification which was granted in 2005.

Richard Stevenson, CEO of Focus Solutions, commented:  "This is a significant development for the Group, as it provides further evidence of the technological leadership of the Group as well as providing the Group with greater credibility as we look to opening up a new market which we see as being of great strategic importance to Focus. Having won contracts with blue chip customers such as HSBC in the UK, this patent will help the Group extend our existing successful products and services into the US market."  

- Ends -

For further information:

Media enquiries:

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 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