Fusionex International : Upgraded GIANT 2017 platform contract win

4 April 2017

Upgraded GIANT 2017 platform contract win

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
  Yuen Choong Lai, Chief Financial Officer
  Darren Hopkins, Director of Investor Relations & Corporate Development

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• Stifel

  Fred Walsh, Neil Shah, Ben Maddison, Rajpal Padam

• 
  

• Peel Hunt

  Richard Kauffer, Euan Brown

• 
  

• Buchanan

  Giles Sanderson, Steph Watson, Patrick Hanrahan