Alfa Financial Software Hldgs PLC Contract (9534H)

TIDMALFA

RNS Number : 9534H

Alfa Financial Software Hldgs PLC

30 March 2020

30 March 2020

Alfa Financial Software Holdings PLC

New contract win

Alfa Financial Software Holdings PLC ("Alfa" or the "Company"), a leading developer of mission-critical software for the asset finance industry, is pleased to announce a new contract win with a top-10 ranked US vehicle manufacturer.

We expect this new contract to rank in the middle tier, by monetary value, relative to other Alfa implementations. The agreement, which is with an existing customer, includes consultancy services to deliver an implementation of Alfa Systems and a multiple-year Alfa cloud-hosting arrangement. Revenues under this contract provide further comfort over the Company's plans for 2020 and beyond .

Andrew Denton, Chief Executive Officer of Alfa said:

"We are excited to announce this new contract win which is our second with a major US auto manufacturer in 2020 and cements our position as a leading provider of software to the US auto leasing industry."

Enquiries

 
 Alfa Financial Software Holdings 
  PLC 
  Andrew Denton, Chief Executive 
  Officer 
  John Miller, Interim Chief Financial 
  Officer                                   [phone] 
 Tulchan Communications LLP 
  James Macey White 
  Matt Low                                  [phone] 
 

Notes to Editors

Alfa has been delivering systems and consultancy services to the global asset and automotive finance industry since 1990. Our best practice methodologies and specialised knowledge of asset finance facilitates our delivery of large software implementations and highly complex business change projects. With an excellent delivery history over nearly three decades in the industry, Alfa's experience and performance is unrivalled.

Alfa Systems, our class-leading technology platform, is at the heart of some of the world's largest asset finance companies. Key to the business case for each implementation is Alfa Systems' ability to replace multiple client systems on a single platform. Alfa Systems supports both retail and corporate business for auto, equipment, wholesale and dealer finance on a multijurisdictional basis, including leases/loans, originations and servicing. An end-to-end solution with integrated workflow and automated processing using business rules, Alfa Systems provides compelling solutions to asset finance companies.

Alfa Systems supports portfolios in 20 countries and Alfa has offices in Europe, Asia-Pacific and North America. For more information, visit www.alfasystems.com.

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March 30, 2020 02:00 ET (06:00 GMT)