WTG.L Regulatory News (WTG)

Quindell Portfolio Plc

("Quindell" or the "Group")

Technology and Market Partnership enhances Solution Portfolio targeted at global Communication Service Providers

Quindell to become Exclusive European Distributor for OS3 Suite

SMI Telecoms to leverage Quindell Cloud Infrastructure to extend OS3 SaaS offering

Quindell Cloud based Workforce and Supply Chain Management to be incorporated into OS3 Suite

Quindell Portfolio Plc (AIM: QPP.L), a leading brand extension business, is pleased to announce that it has entered into a technology and market partnership with SMI Telecoms LLC ("SMI"). The partnership will expand the Group's focus on providing its technology enabled software and consultancy solutions to the telecommunications industry.

SMI has its main base of clients in the USA, Middle East and Africa including two global telecoms Managed Service providers. Its OS3 product suite, available as both On-Premise and SaaS, will have increased focus as a Cloud based solution portfolio through the partnership with Quindell. SMI customers are already experiencing substantial savings in cost of network operations and improved customer satisfaction through the process automation capabilities of OS3. Quindell's Workforce and Supply Chain Management solutions will enable OS3 to extend operational efficiency and effectiveness to workforce and supply chain operations.

The board of Quindell and SMI believe that Quindell's financial position and technical presence in Europe should assist the two companies in targeting European Communication Service Providers, as well as offering historical licensed European customers of OS3 the opportunity to upgrade to the new OS3 portfolio releases.

Rob Terry, Chairman and Chief Executive of Quindell said: "the management and technical teams already have many years of association and this partnership is well timed for both companies to combine their respective strengths to enhance and extend the reach of the OS3 offerings into the global service provider market place".

Phil Brooks, Chief Executive SMI, commented "Quindell's innovative cloud based process automation platform and deep understanding of field operations management will be a significant boost to our OS3 portfolio and will provide further benefits to our customers"

For further information:

Notes to Editors:

About Quindell Portfolio Plc

Quindell, the Brand Extension Company, helps its clients, investments and partners to utilise their brands, enabling them to achieve greater sales, extend the brand into new product offerings and take advantage of alternative routes to market including white labeling, franchising and using broker and agency channels.

Quindell also provides clients with its cloud based technology to deliver the necessary framework to support the online, office and field based sales and service expectations of both its clients and their customers in an efficient and cost effective manner.

In addition to extending the customer wallet share of its clients' brands, Quindell's solutions are focused on generating improvements in efficiency and effectiveness for all of its clients, and savings of over 20% against industry norms are targeted. 

The Group's consultancy arm drives the business transformation of its clients, and is supported by its leading edge technology, technology enabled outsourcing, membership schemes, social media and e-commerce with out of the box implementations.

The Group currently works with more than 1,800 companies from SMEs to national and international brands around the globe, and its solutions are applied in the following sectors and their related supply chains: 

·; Technology, Telecommunications and Utilities

·; Finance, Insurance and Legal Services

·; Leisure, Retail and E-commerce

·; Education

Quindell Portfolio joined the market through Mission Capital plc. The Group was readmitted to the market on 17 May 2011 following the Company's acquisition of the whole of the issued share capital of Quindell Limited. On 18 July, the Company was renamed Quindell Portfolio Plc.

For further information, please visit www.quindell.com 

About SMI Telecoms

SMI Telecoms provides OSS solutions to the global communication service provider marketplace. At the core of the product portfolio is OS3, a suite of service management solutions designed specifically for the communications industry. OS3 embraces industry best practices and standards as set out by TM Forum Frameworx and ITIL and is quick to install with low cost maintenance. . The OS3 suite is available as On-Premise or SaaS.

For further information, please visitwww.smi-t.com

ENDS