Fusionex International PLC Fusionex secures first 'GIANT' contract win (7257Y)

TIDMFXI

RNS Number : 7257Y

Fusionex International PLC

29 January 2014

 
 For Immediate Release  29 January 2014

Fusionex International plc

("Fusionex", "the Company" or "the Group")

Fusionex secures first 'GIANT' contract win

Fusionex (LSE: FXI), an award-winning and market leading international provider of enterprise software specialising in Analytics and Big Data solutions, is pleased to announce that it has secured its first customer for GIANT, its innovative Big Data Analytics solution. The customer has global operations in the travel, leisure and hospitality sector. The contract is a multi-million dollar deal over a 5 year term, with a subsequent option for renewal.

The customer will deploy Fusionex GIANT to consolidate, retrieve, manage and process its data for advanced analytics to derive the information and insights that it seeks.

Ivan Teh, Fusionex Managing Director commented:

"This is a GIANT step that Fusionex has taken to establish itself as a key Big Data Player. We have received tremendous response since the launch of our Big Data product last month. Securing this first landmark win reinforces the potential of GIANT and validates our growth strategy.

We see organisations demonstrating increased interest to take measures in understanding and making sense of their multitude of data. Organisations are starting to appreciate how powerful descriptive, diagnostic and predictive analytics can help improve business performance and profitability significantly, if used appropriately. We are confident that Fusionex can unlock the value of Big Data Analytics to organisations through GIANT. We want to bring Big Data to the masses and make it available to all organisations wanting to embark on this journey."

For further details:

Fusionex

 
 Ivan Teh, Chief Executive Officer          Through Buchanan 
  Yuen Choong Lai, Chief Financial 
  Officer 
 Panmure Gordon 
  Fred Walsh, Grishma Patel, Ben 
  Roberts (Investment Banking) 
  Tom Nicholson, Charles Leigh-Pemberton 
  (Corporate Broking)                          020 7886 2500 
 Buchanan 
  Jeremy Garcia, Gabriella Clinkard 
  www.buchanan.uk.com                          020 7466 5000

This information is provided by RNS

The company news service from the London Stock Exchange

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