Last checked at 22 Apr 2013 07:00
22 April 2013
The Innovation Group plc('Innovation Group' or the 'Group')New US Customer Win
The Innovation Group plc (LSE: TIG.L), a global provider of business process services and software solutions to the insurance, fleet, automotive and property industries, is pleased to announce that it has secured a new customer in the US for its Insurer Policy and Insurer Analytics software.
The contract, which commences immediately, has been signed with GuideOne Insurance Company ("GuideOne"), a niche market insurer in the US licensed in all 50 states. The contract is valued at approximately £2.6m (US$4.0m), of which £1.4m will be recognised this financial year.
GuideOne, founded in 1947, focuses exclusively on creating superior, affordable coverage options distributed through 1800 indpendent and captive agents for niche customers including churches, schools and higher education (colleges, universities, seminaries), home care providers, senior living communities and car and home owners.
GuideOne will use the Insurer Policy software to support its growth in personal lines products in these niche markets. GuideOne will use the Insurer Analytics software to source business intelligence, dashboard reporting and real-time analytics that will assist it in growing and managing its business.
Welcoming the news Andy Roberts, Chief Executive Officer of The Innovation Group commented:
"I am extremely pleased to welcome GuideOne to our customer base in the US. GuideOne's customer focus, unique offerings and independent agent channel commitment aligns well with our own commitment to driving growth in the US market. We all look forward to demonstrating Insurer's power and capabilities as we help the GuideOne team to implement a new platform that will enhance their business operations and help them achieve their business goals."
Enquiries:
The Innovation Group plc | Tel: +44 (0) 1489 898 300 |
Andy Roberts, Chief Executive Officer | |
Jane Hall, Group Finance Director Louise Fisk, Head of Global Communications | |
FTI Consulting LLP | Tel: +44 (0) 20 7831 3113 |
Edward Bridges / Matt Dixon / Tracey Bowditch/ Elodie Castagna |
About The Innovation Group plc:
Innovation Group (LSE: TIG) is a global provider of insurance software solutions and business process services. With revenues of £193m (US$ 302m) in 2012, it employs over 2,400 people across North America, Europe, Asia Pacific and South Africa and works with 15 of the top 20 global insurance markets, 16 of the top 20 global insurance companies and 3 of the world's top 5 fleet and lease management companies.
www.innovation-group.com