The Innovation Group, which provides business services and software solutions to the insurance, fleet, automotive and property industries, has scored a new US contract for its Insurer Claims and Insurer Analytics software.
The deal was signed with a tier two insurer and is worth around £2.75m ($4.4m), of which £2.0m ($3.2m) will be recognised as licence and implementation revenue in the current 2013 financial year with the remaining sum attributable to a five year maintenance contract.
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Andy Roberts, Chief Executive Officer of The Innovation Group, said: "I am extremely pleased to welcome this business to our customer base in the US. This customer is an innovative US insurer and we're proud to be working with such a dynamic team. Today's agreement further underpins the robust, flexible, and end-to-end claims management capabilities of our Insurer Suite."
NR
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