Focus, a leading provider of adaptive software solutions, has announced that it has extended its contract with HSBC Bank plc for the provision of consulting and development services.
This initial contract, which was announced 4 August 2006 and worth £850k, has been extended further by £430k, with the additional revenue payable in November 2006. The HSBC contract is now generating over £200k revenue a month for the Group.
Richard Stevenson, Chief Executive, Focus Solutions Group plc added: "We are delighted that HSBC has extended its contract with Focus, demonstrating their commitment and accentuating the strategic value of this project to the organisation. The bancassurance sector continues to be a prime market for Focus and one that we will continue to target in the future."