Fusionex International PLC Upgraded GIANT 2017 platform contract win (4389B)
April 04 2017 - 2:00AM
UK Regulatory
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
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