Major Contract Gain
01 Julio 2003 - 3:38AM
UK Regulatory
RNS Number:9916M
Atlantic Global PLC
01 July 2003
For Immediate Release 1 July 2003
Atlantic Global Plc ("Atlantic Global" or "the Company")
Largest contract win to date
-Norwich Union to license new "Adeo Corporate Vision" Software
Atlantic Global, the AIM listed West Yorkshire based specialist developer of
business management software applications, announces that it has been awarded
its largest contract win to date, worth over #300,000 in revenues in the current
financial year. The contract, awarded by Norwich Union, part of Aviva, the UK's
largest insurer, is for Atlantic Global to supply an initial 1,500 licenses for
its new Business Portfolio, Project, Resource and Milestone Management software,
'Adeo Corporate Vision'. Norwich Union has also signed a three year maintenance
contract in respect of the software.
This new addition to the Adeo product range has been developed over the past two
years and its unique design will enable organisations to manage resource and
expenditure budgets together with business and project delivery milestones,
providing clear visibility at all levels within the organisation. It will also
profile the demand and supply of resources using a simple, easy to use
interface. When used with the other products in the range, Adeo provides a
comprehensive business management suite.
Commenting on the new contract award, Eugene Blaine, Managing Director of
Atlantic Global, said:
"This new contract consolidates our position as one of the fastest growing
software suppliers to the financial services sector. Norwich Union is one of a
number of blue-chip customers we have in this sector, including Barclays Bank,
HSBC and Cattles Plc.
"Adeo Corporate Vision is the result of an extensive development and testing
programme with several of our customers notably pharmaceuticals giant Pfizer and
latterly Norwich Union. We believe this product represents a radical departure
from conventional solutions and is aimed very much at the efficient delivery of
business objectives in service-based organizations."
-Ends-
Enquiries:
Eugene Blaine, Managing Director
Rupert Hutton, Finance Director
Atlantic Global Plc 01272-863300
Paul Vann
Binns & Co PR Limited 020 7786 9600
(paul.vann@binnspr.co.uk)
This information is provided by RNS
The company news service from the London Stock Exchange
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