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IS Solutions

  • BY: Andrew Hore |
  • POSTED: 04/08/2010 |

Online technology services provider IS Solutions has signed a partnership deal with business analytics software provider SAS Institute Inc. 

IS has a one year rolling contract with SAS, which has annual revenues of $2.3bn. IS is being given the first opportunity to take on the implementation services for all CXA (Customer Experience Analytics) product sales in the Americas. It also has first right to provide managed services in the rest of the world. Two-fifths of IS’s 2009 revenues of £9.78m relate to managed services.

This is a good way for IS to grow its business organically, although itt will take until next year for the benefits to show through.

At 32p a share, up 2.5p on the day, IS is valued at £7.9m..

Trading is in line with expectations and the 2010 interims will be reported on 20 September.

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