£10m contract for Focus
Focus Solutions has won a contract with "a major global bank" worth approximately £10m. The company will supply its focus:360° multi-channel software.
The deal comprises £6.5m in licence fees, £2.5m in implementation services and £1m in support and maintenance. The company also expects a further £10m in the following five years from annual support and maintenance, transaction fees and additional implementation services.
Richard Stevenson, CEO of Focus Solutions, said: "Following our recent contract extension with HSBC, we are delighted to be working with yet another major global bank to help realise their vision of a truly customer centric, multi-channel distribution solution.
"It is excellent to see one of the world's leading banks embracing the latest developments in product distribution by implementing a direct-to-consumer channel and it is a testament to Focus' research, vision and investment that we have been selected to deliver this, in addition to such a large and strategically important project."
