EG Solutions plc New Contract Win (5161H)

TIDMEGS

RNS Number : 5161H

EG Solutions plc

18 August 2016

18 August 2016

eg solutions plc ("eg" or the "Company")

eg's back office optimisation software to be used by a leading social networking corporation in a new contract closed by eg's US partner, Aspect Software Inc.

eg solutions plc (AIM: EGS), the leading back office workforce optimisation company, is pleased to announce that its partner Aspect Software Inc. has closed a three-year contract with a leading social networking corporation ('the Client') to supply eg's back office optimisation software. The initial contract is valued at US$1 million with up to 4,000 licences being deployed over the next 3 years. Professional services revenues will start to be recognised immediately and licences will begin to be deployed from December 2016. There is potential for further licences to be sold in future.

The eg operational intelligence software will be used to improve the management of work and resources in the Client's high volume, rapidly changing and often-sensitive service request units. Ensuring that social media continues to be a safe environment is a primary driver. The Aspect/eg team were selected following a proof of concept project in which the team demonstrated not just the ability to deliver the solution but a strong cultural fit with the client.

This is Aspect's third new client win with the eg operational intelligence(R) software suite since March this year. Two further contracts were closed during Aspect's capital restructuring process with a life and pensions provider and a health insurer in the US.

Elizabeth Gooch, CEO of eg solutions commented, "This landmark contract win by Aspect, with one of the world's top ten technology disruptors, demonstrates the capability and contribution of our software across a wide range applications and sectors. As well as traditional workforce optimisation we are helping more of our customers to improve customer experience, workforce engagement, security and compliance both through direct sales as well as with our channel partner, Aspect."

Bob Krakaeur, Chief Financial Officer for Aspect Software Inc. and Non-Executive Director of eg commented "We have built a strong order book for eg's products. Going forward there is fantastic global potential for our combined proposition, integrating eg's offering with our own workforce optimisation and automations applications."

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014

ENDS

CONTACTS

 
eg solutions plc                   [phone] 
Elizabeth Gooch, Chief Executive 
 Officer 
 
                                    + 44(0) 207 220 
 finnCap Ltd                         0500 
Julian Blunt or Emily Watts 
 (corporate finance) 
 Tony Quirke (corporate broking) 
 
 
Yellow Jersey PR Limited 
                           +44 (0) 7748 
                            843 871 
                            +44 (0) 7769 
Felicity Winkles            325 254 
 Joe Burgess                +44 (0) 7542 
 Josh Cole                  514 121 
 

About eg solutions plc

eg solutions is a back office workforce optimisation software Group. eg pioneered this new market space and developed the most complete, purpose built workforce optimisation software for back offices - the only solution that manages work, people and end-to-end processes wherever they are undertaken, anywhere in the world.

eg solutions' software is now used by leading UK, international and global companies in multiple industry sectors including financial services, healthcare and utilities. Using its forecasting, scheduling, real-time work management and operational analytics capabilities, eg delivers measureable improvements in service, quality, productivity and regulatory compliance. When supported by eg's implementation and training services eg guarantee a return on investment in short timescales.

Regardless of who is serving the customer - call centre, back offices, branches or the field -eg solutions provide true insight into the full customer service process and promote world-class operational management capability.

The Group is listed on AIM, the London Stock Exchange's international market for smaller growing companies (EGS).

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTAKFDDPBKKOFD

(END) Dow Jones Newswires

August 18, 2016 02:01 ET (06:01 GMT)