£250,000 New Zealand Contract Win (6462J)

TIDMILX

RNS Number : 6462J

ILX Group PLC

04 July 2011

ILX Group PLC

("ILX" or the "Group")

NZ$500,000 Contract Win

ILX Group plc (AIM: ILX), the AIM quoted provider of e-learning software and consulting services, is pleased to announce a significant new contract with the New Zealand Defence Force (NZDF). The minimum estimated value of the contract is NZ$500,000 (GBP250,000).

The contract is for the delivery of PRINCE2 Project Management and related e-learning together with in-house & public classroom courses.

To support an "All of Government" approach for contract management, NZDF plans to syndicate the ILX contract to enable other government agencies which are adopting PRINCE2 to enjoy the same terms and conditions negotiated by NZDF without having to go through a new tender process.

There is an option to extend the contract after the initial two year period.

NZDF Project Manager, Kathleen Mackie stated:

"Our new PRINCE2 project management training provider, ILX, will bring a selection of PRINCE2 e-learning packages to the Defence Force starting from next month. PRINCE2 is an internationally recognised methodology and is a very valuable tool for managing projects in a consistent way. With this new approach to procuring project management training we will realise an estimated $300,000 in savings for project management training spend for the 2011/12 financial year.

"The decision to award the project management contract to ILX followed a rigorous selection process, and was in collaboration with the new EPMO (Enterprise Portfolio Management Office) which is part of the new NZDF Office of Strategy Management.

"The Training and Education Directorate (TED) will now begin working with ILX to develop the course schedule for the year and will support course administration and the management of the contract ongoing."

Ken Scott, Chief Executive, ILX Group commented:

"This is the largest contract won to date by our team and is one of the largest contracts to have been awarded in New Zealand. It was secured against fierce competition and we have the potential to win additional business from other Government departments.

"We are continuing to increase our market share, particularly overseas as we further expand our international operations."

4th July 2011

For further information, please contact:

 
 ILX Group plc                                  020 7751 7100 
 Ken Scott, Chief Executive 
 FinnCap                                        020 7600 1658 
 Marc Young, Charlotte Stranner - Corporate 
  Finance 
  Victoria Bates, Joanna Weaving - Corporate 
  Broking 
 Lothbury Financial Services Limited            020 7868 2010 
 Michael Padley / Chris Roberts 
 

Editors' Note

ILX Group plc (www.ilxgroup.com) is a leading provider of Best Practice learning products and services to the private and public sectors. ILX Group offers a variety of accredited technology led courses through a blend of traditional classroom, workshops & live forums and across all multi-media platforms: e-learning, social learning & mobile learning. It has developed its own proprietary software and is the market leader in PRINCE2. It trades through two divisions:

1. Best Practiceprovides e-learning, instructor-led learning and implementation consulting principally to the programme and project management, IT service management and business finance markets.

2. International was formed in late 2009 and provides products and services to overseas markets, including Australia, New Zealand, Middle East, US as well as the UK and across Europe.

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

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