FXI Fusionex

TIDMFXI

RNS Number : 4389B

Fusionex International PLC

04 April 2017

 
 For Immediate Release   4 April 2017 
 

Fusionex International PLC

("Fusionex" or the "Group")

Upgraded GIANT 2017 platform contract win

Fusionex, a leading provider of Analytics and Big Data software, is pleased to announce that, ahead of the official launch of its significantly upgraded Big Data platform, GIANT 2017, the Group has won a five year, multi-million dollar contract with an Asian-based insurance company for the next generation solution.

The new GIANT 2017 platform, which is targeted to be launched within this quarter, will not only accumulate and cleanse disparate external datasets for the client but also be used to find historical patterns and predict future trends in all types of data, including structured, semi-structured and unstructured information. Further information about the new platform will be issued at the time of the official launch.

Following a competitive tender process, Fusionex will provide the client with a cost utilisation analytics module which will help to inform corporate customers about the performance of their accounts. Thanks to the upgraded functions of GIANT 2017, the technology will also help the customer formulate strategies to penetrate the insurance market through social media analytics and digital marketing.

Ivan Teh, Chief Executive Officer of Fusionex, commented:

"We are delighted to enter into this long-term partnership with such a valued client, which is in line with our mission of using technology to enable businesses to be more agile and more impactful. Through this initiative, the value of data from the client's customers, products, and business information can be harnessed to unlock powerful and vital insights.

"Winning such a significant contract for our upgraded GIANT 2017 solution is an excellent boost to the team, and demonstrates the significant value of our world class-leading solution. We look forward to the official launch and believe it will support the continued growth in the number of our clients."

For further details:

Fusionex

 
 Ivan Teh, Chief Executive Officer          Through Buchanan 
  Yuen Choong Lai, Chief Financial 
  Officer 
  Darren Hopkins, Director of Investor 
  Relations & Corporate Development 
 Stifel 
  Fred Walsh, Neil Shah, Ben Maddison, 
  Rajpal Padam                                 0207 710 7600 
 Peel Hunt                                     0207 418 8900 
 Richard Kauffer, Euan Brown 
 Buchanan 
  Giles Sanderson, Steph Watson, Patrick 
  Hanrahan                                     020 7466 5000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTUGUWGCUPMGQW

(END) Dow Jones Newswires

April 04, 2017 02:00 ET (06:00 GMT)

Fusionex (LSE:FXI)
Historical Stock Chart
From Apr 2024 to May 2024

Fusionex (LSE:FXI)
Historical Stock Chart
From May 2023 to May 2024