CityVision Sales Update

RNS Number : 8907B

Arcontech Group PLC

24 April 2012

 



ARCONTECH GROUP PLC

("Arcontech" or the "Group")

Arcontech Excelerates Global CityVision Sales

London, 24th April 2012.  Arcontech Group plc (AIM: ARC), a provider of enterprise level real-time software solutions to the investment banking and broking sectors, is pleased to announce a number of significant new contract wins for deployment of its CityVision market data platform and Excel integration technology, including agreements for deployment in  Scandinavia, North America, London and the Asia Pacific regions. The contracts are worth in excess of £850,000 in total, over a three year period.

The deployment continues the success of Arcontech's "CityVision Adaptor" strategy announced last year allowing banks to deploy data vendor independent solutions, gaining flexibility and providing considerable potential cost savings.

The CityVision systems provide connectivity to banks' incumbent Thomson Reuters RMDS and Bloomberg systems, increasing flexibility of internal publishing. Licensed components include Arcontech's CityVision Cache and Excelerator products.  The Cache is a high performance and resilient server-based real-time data repository and publisher.  Desktop connectivity for real-time publishing and data reception is provided by CityVision "Excelerator" a fast and robust add-in for Microsoft Excel.

The contract wins increase Arcontech's market share and strengthen its presence in the Nordic, North American and Asia Pacific regions where it is working with other banks and partners.

Andrew Miller, CEO of Arcontech plc commented: "I am delighted to see that our innovative products are becoming increasingly successful internationally. Ease of deployment, migration support and low cost of change can be as important as pure license savings and I'm pleased that our work in these areas is paying off."

For further information please visit www.arcontech.com or contact:

Arcontech Group plc Andrew Miller, Chief Executive Sarah Wisbey	+ 44 20 7256 2300
Northland Capital Partners Limited Shane Gallwey	[phone]

Notes for Editors

About Arcontech Group Plc

Arcontech Group Plc's (AIM: ARC) key trading subsidiary is Arcontech Limited.

Founded in 1979, Arcontech is real-time software specialist providing products and bespoke systems for collection, processing, distribution and presentation of time-sensitive financial markets data.

Arcontech is independent of any data vendor (such as Thomson Reuters or Bloomberg) and has thrived due to timely delivery of dependable, cost-effective solutions to the financial community based on its award winning CityVision product suite.  Its diverse clients range from National Government, Investment Banks and Data Vendors through to Brokers and Bookmakers.

Arcontech installed its first digital market data products in 1983 and has continually developed new, innovative systems and products, adopting leading edge technology, proven in the marketplace.

CityVision

CityVision supports collection, aggregation and redistribution of market data in real-time from multiple sources to multiple destinations. Sources can include vendor data feeds, exchanges, MTFs (Multi-lateral Trading Facilities) and contributed data from the spreadsheets and trading systems of the pan-European investment banking community.  Destinations include multiple vendor contributions, dealing desk displays, Microsoft Excel, real-time streaming web updates and on-line trading applications.

CityVision is fast, flexible, fully resilient, scalable and secure, with a full authentication and entitlements system. The system is extensible to receive instruments in any asset class, from hundreds of contributors and to provide controlled re-distribution.

CityVision can interoperate with other systems (such as Thomson Reuters RMDS and Bloomberg) via existing de-facto standards (such as Marketlink, SSL and ITCH) and via its own comprehensive APIs. This means it can provide cost effective solutions to add value to or replace incumbent systems.

 

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