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Focus Solutions
- BY: Andrew Hore |
- POSTED: 21/07/2009 |
Focus Solutions has signed an agreement with Indian software company Mastek that will give Focus a strong foothold in the insurance sector.
Shares in Focus rose 2.5p to 38p each, which values the consumer facing financial software developer at £11.3m.
Focus will supply the e-commerce platform and this will be integrated into Mastek’s Elixir 4 software. This will make it easier for insurers to launch new products more quickly. Mastek will also resell Focus’ life and pensions software.
Daniel Stewart forecasts a rise in profits from £1.9m to £2.4m.
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