Eg solutions reports Nationwide and Co-op contracts

Source: eg solutions

IT Software and Services company eg solutions plc (AIM: egs) is delighted to announce that three new contract wins have been secured within the first trading month of the 2008 financial year.

The new business contracts have been signed with Nationwide Building Society, Co-operative Financial Services and the Co-operative Travel Group, and further details are as follows:
  • Nationwide Building Society ('Nationwide') have commissioned a further implementation in their Specialist Lending Division in Bournemouth. This follows the recent upgrade to the new versions of the eg operational intelligence software suite (launched in 2007) that took place between November 2007 and January 2008. In this new project Nationwide will use eg's software to migrate UCB Homeloans into the Bournemouth operations centre.
  • At Co-operative Financial Services, eg has secured a major software services project to embed the eg operational intelligence(R) software suite into an integrated solution. This will automate the processing of inbound and outbound correspondence. The full solution will be developed in partnership with three other companies; Xerox, Communisis and Exstream. eg will provide the operations management components of the solution including work and process management, and the automatic production of historic, real-time and predictive MI.
  • A further new implementation will take place in the Travel and Tour Operator Payments teams of the Co-operative Travel Group. eg's software was already installed in the Financial Shared Services teams of The Co-operative Group before the retailer merged with United Co-operative last year. This new implementation will take place in the Travel and Tour Operator Payments division of the merged group. The new versions of eg operational intelligence will be implemented, demonstrating another application of the enhanced functionality of the software outside financial services.

The new and improved versions of our products, which were launched in October 2007, are now used by over 5,000 users, across 7 companies, bringing our total worldwide users to over 40,000.

Commenting on the success, Elizabeth Gooch, Chief Executiecutive Officer said: "We are delighted to have entered into new business contracts with these vcompanies; and we remain committed to developing further opportunities to diversify and expand our client base both within the UK and overseas."

eg solutions will be announcing Preliminary Results for the full year ended 31st January 2008 on Wednesday 26th March 2008.

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