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Focus Solutions
- BY: Andrew Hore |
- POSTED: 02/03/2010 |
Focus Solutions has won a £1.4m contract from IFA AWD Chase de Vere.
The consumer facing financial services software provider says the contract for its wealth management software lasts for four years. The per user licence is worth £850,000 of the total. The software will be used by 178 financial advisers.
This will help to underpin Daniel Stewart’s profit forecasts of £2.1m for the year to March 2010 and £2.4m for 2010-11.
At 32.5p a share, Focus is valued £9.63m. The shares are trading on less than five times 2009-10 prospective earnings.
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