Fusionex International PLC GIANT Contract Win (2357I)

TIDMFXI

RNS Number : 2357I

Fusionex International PLC

24 March 2015

 
  For immediate release    24 March 2015

Fusionex International plc

("Fusionex", "the Company")

GIANT Contract Win

Fusionex International plc (the "Company"), an international provider of software specialising in Analytics and Big Data solutions, is pleased to announce its latest GIANT win for a Smart Government Initiative in Asia. The initiative focuses on immigration and cross border control where Fusionex GIANT will help the authorities analyse data and find insights and patterns for better management.

The customer will be leveraging analytics and data assets to embed richer intelligence in its regulatory processes and systems in order to cultivate more efficient governance and security for its jurisdiction.

This significant multi-year contract marks Fusionex's first win in this new country in Asia, and is expected to open the doors to more opportunities in this new territory.

Ivan Teh, Fusionex Chief Executive Officer, comments:

"This win not only demonstrates the market opportunities that Fusionex GIANT has, which extends beyond our current markets, but also strengthens our footprint in the arena of Big Data Analytics for Smart Cities and Smart Governments.

Governments across Asia Pacific are showing increasing interests in such initiatives, which will accelerate their Big Data Analytics investments and capabilities. Early adoption of the Internet of Things (IoT) in governments will lead the way for IoT investments, and we look towards this win underpinning our focus in this exciting and niche area.

Fusionex's Big Data Analytics' platform (GIANT), know-how and expertise puts us in a unique position to help our partners and customers overcome virtually any data challenge as well as help them derive great value and success stories."

For further information please contact:

Fusionex

 
 Ivan Teh, Chief Executive Officer                 Through Buchanan 
  Yuen Choong Lai, Chief Financial Officer 
 Panmure Gordon 
  Fred Walsh, Alina Vaskina, Ben Roberts 
  (Investment Banking) 
  Tom Nicholson, Charles Leigh-Pemberton              020 7886 2500 
  (Corporate Broking) 
  RBC Capital Markets 
  Pierre Schreuder or Ema Jakasovic                   020 7653 4000 
 Buchanan 
  Sophie McNulty, Gabriella Clinkard, Stephanie 
  Watson 
  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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