EG Solutions partner secures $1m contract

AIM-listed EG Solutions said on Thursday that its partner Aspect Software Inc. has closed a three-year contract with an unnamed social networking corporation to supply EG's back office optimisation software.

The initial contract is valued at $1m, with up to 4,000 licences being deployed over the next three years. EG said professional services revenues will start to be recognised immediately and licences will begin to be deployed from December 2016, with the potential for further licences to be sold in future.

The EG operational intelligence software will be used to improve the management of work and resources in the client's "high volume, rapidly changing and often-sensitive service request units".

Elizabeth Gooch, chief executive of EG Solutions commented, said: "This landmark contract win by Aspect, with one of the world's top ten technology disruptors, demonstrates the capability and contribution of our software across a wide range applications and sectors.

“As well as traditional workforce optimisation we are helping more of our customers to improve customer experience, workforce engagement, security and compliance both through direct sales as well as with our channel partner, Aspect."

At 1400 BST, EG shares were up 11.4% to 49.00p.