Operations management software supplier eg solutions has won a £1.6m contract from a Nordic bancassurance firm.
Around one-half of the revenues will be generated this year and the rest over four years. To put this in perspective eg had revenues of £3.67m in the year to January 2009.
The operations management software will initially be implemented in the customer’s claims department.
At 32.5p a share, up 5p on the day, eg is valued at £4.65m.
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