Innovation signs seven-year contract with UK insurer
Software solutions provider Innovation Group has signed a new contract with a UK insurer to provide its supplier management solution product, Innovation Symbility.
Software solutions provider Innovation Group has signed a new contract with a UK insurer to provide its supplier management solution product, Innovation Symbility.
The company said that the contract would run for a period of seven years and would be charged on a transactional basis which would generate revenues of approximately £1.0m per annum.
Andy Roberts, Chief Executive Officer of Innovation Group commented: "I am delighted that Innovation Symbility has been selected for its software and services as a partner of choice. The combination of leading technology and product expertise demonstrates Innovation Group's ability to establish long term partnerships with the world's largest carriers."
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Innovation Group's share price was unchanged at 25.50p at 10:47 on Friday.
MF
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Nationwide launches 5% savings account – who is eligible?
Nationwide’s new fixed rate savings account leads the market in terms of interest rates for 18-month fixed rate bonds. Are you eligible?
-
Shein shifts IPO focus to Hong Kong
The development piles fresh pressure on London’s beleaguered stock market, which many had hoped would be boosted by Shein’s IPO