Innovation Group wins US contract

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.

Under the terms of the agreement, which begins immediately, the customer will use the Insurer Claims solution to support its multiple channels. Insurer Analytics will provide it with business intelligence, dashboard reporting, and real-time analytics to assist it in managing the business.

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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