RNS Number : 0329E
Arcontech Group PLC
14 December 2009
ARCONTECH GROUP PLC
("Arcontech" or the "Group")
Arcontech Group plc (AIM: ARC), a provider of enterprise real-time software solutions to the investment banking and broking sectors, is pleased to announce a new contract win by its Arcontech Ltd subsidiary for its CityVision market data distribution products. The sale has been made to a leading international bank.
The new business will generate revenues in excess of £1.4m over the next three years.
Andrew Miller, CEO of Arcontech plc commented: "This is further evidence that our hard work and renewed focus on the marketing of our superior technology is starting to yield the results we had anticipated. New deals this year, including the Scandinavian bank announced on November 27th, broadly double our contracted recurring revenues. We continue to enhance our "CityVision" products which are aimed at firms seeking both vendor independence and cost efficiency for their vital high speed global data distribution needs. Notably, this latest deal includes not only core infrastructure but also a significant number of positions for our Excelerator real-time desktop product, which we believe has tremendous growth potential as banks strive to reduce costs whilst increasing performance and flexibility."
For further information please visit www.arcontech.com or contact:
Arcontech Group plc
Andrew Miller, Chief Executive
Richard Last, Chairman
020 7256 2300
01608 683 108
Astaire Securities Plc
020 7448 4400
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