Alfa Financial Software Hldgs PLC Contract (8739L)

TIDMALFA

RNS Number : 8739L

Alfa Financial Software Hldgs PLC

05 May 2020

Alfa Financial Software Holdings PLC

New contract win

Alfa Financial Software Holdings PLC ("Alfa" or the "Company"), a leading developer of mission-critical software for the asset finance industry, is pleased to announce a new contract win with a leading provider of auto finance solutions.

We expect this new contract to rank in the middle tier, by monetary value, relative to other Alfa implementations. The agreement, which is with an existing customer, includes professional services to deliver an Alfa cloud-hosting environment and a multiple-year hosting and maintenance arrangement. Revenues under this contract provide further comfort over the Company's forecasts for 2020 and beyond .

Andrew Denton, Chief Executive Officer of Alfa said:

"We are delighted to announce this hosting project in partnership with a longstanding Alfa Systems customer. This builds on our cloud deliveries earlier in the year and further demonstrates the viability of Alfa's rich hosted offering for organisations of all sizes. We expect hosted services to become an increasing proportion of group revenue in the coming years."

Enquiries

 
Alfa Financial Software Holdings 
 PLC 
 Andrew Denton, Chief Executive 
 Officer 
 Duncan Magrath, Chief Financial 
 Officer                           +44 (0)20 7588 1800 
Tulchan Communications LLP 
 James Macey White 
 Matt Low                            +44 (0)20 7353 4200

Notes to Editors

Alfa has been delivering systems and consultancy services to the global asset and automotive finance industry since 1990. Our best practice methodologies and specialised knowledge of asset finance facilitates our delivery of large software implementations and highly complex business change projects. With an excellent delivery history over nearly three decades in the industry, Alfa's experience and performance is unrivalled.

Alfa Systems, our class-leading technology platform, is at the heart of some of the world's largest asset finance companies. Key to the business case for each implementation is Alfa Systems' ability to replace multiple client systems on a single platform. Alfa Systems supports both retail and corporate business for auto, equipment, wholesale and dealer finance on a multijurisdictional basis, including leases/loans, originations and servicing. An end-to-end solution with integrated workflow and automated processing using business rules, Alfa Systems provides compelling solutions to asset finance companies.

Alfa Systems is currently used by customers or has live implementations in 26 countries and Alfa has offices in Europe, Australasia and North America. For more information, visit www.alfasystems.com

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