Contract Wins

Corero PLC 02 August 2007 Corero plc Further wins for Business Systems division With two further wins this week, the Business Systems division of Corero has now signed 11 City Academies during the current year for its Resource Financials package. This brings the total number of City Academies contracted to use Resource Financials to 21, which represents just over 25 per cent. of the 83 existing City Academies. The number of City Academies is planned to grow to 400 by 2010, creating a substantial market opportunity for Corero. Furthermore, the Business Systems division has also signed up three new customers within its key target sector of further education. These are Sir George Monoux Sixth Form College and South Trafford College of Further Education, which have both recently selected the Resource Financials solution and Haringey Sixth Form Centre, part of Haringey Council, which selected both the Resource Finance and Learner Management & MIS solutions. This brings the total number of Corero customers within the education sector to 168. The Corero directors continue to view this as a very exciting market sector and the Company continues to invest in its product range and in resources to deliver solutions to these customers. Bernard Snowe, Managing Director of Business Systems division, commented: 'We have had a really successful period in Business Systems, building on our existing success with sixth form colleges and expansion into the further education sector. We continue to see considerable opportunities in both these market places.' Enquires: 2 August 2007 Corero PLC Peter Waller (Executive Chairman) 07785 228080 Ian Selby (Finance Director) 01923 695191 John East and Partners Limited 0207 628 2200 John East/Virginia Bull College Hill Associates 0207 457 2020 Matthew Smallwood/Jamie Ramsay Notes to editors: Resource Financials forms the core of the Corero Business Systems suite of applications. Also featured are solutions for eProcurement, Project Costing, HR & Payroll, Continuing Professional Development and Learning Management. Together with Workflow and Web Applications, covering Reporting, Timesheets, Expenses and Requisitions, there are over 60, highly integrated modules offering large and small enterprises modern and dynamic business solutions. This information is provided by RNS The company news service from the London Stock Exchange
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