Subsidiary Wins 6 New Contracts Worth £1m
Comino PLC
17 January 2000
COMINO PLC: CONTRACT GAINS
ISE subsidiary wins 6 new contracts worth £1m including ground-breaking
local authority pension order
Comino plc ('Comino'), the supplier of computer systems for occupations
pensions, housing and local authority revenues & benefits, announces that its
ISE subsidiary has won six new contracts in the local authority marketplace
with a combined value of £1m. The contracts were secured during the final
quarter of 1999.
The new contracts include an order from West Midlands Authority Pension Fund
(WMPF), the country's largest local authority pension scheme, to develop a
version of ISE's Universal Pensions Management System (UPM) customized to
reflect the Local Government Pension Scheme Regulations. The announcement of
this partnership follows responses to an extremely detailed open tendering
exercise and a rigorous evaluation process involving the use of external
consultants. This is ISE's first local authority UPM site and signifies an
era of change in the local authority pensions administration market.
The other contracts are for ISE's workflow software product for revenues &
benefits. They include orders from Isle of Wight Council, St Edmondsbury &
Waveney DC, Nuneaton & Bedworth BC, and Swindon BC, the latter contract being
secured through ISE's successful partnership with W S Atkins plc, the managed
service provider.
Mike Woodall, Chief Pensions Officer for the WMPF said:
'ISE came out of the tendering exercise as the only supplier with an approach
which would genuinely take us forward and give us the facilities we are
looking to introduce. The UPM software which is currently implemented within
the private sector reflects this. UPM will help us to both improve our
internal efficiency and the service we can provide to members and employers.
We have long thought that the local government pension schemes (LGPS) were
crying out for an alternative solution and numerous other schemes have
expressed a strong interest in this project. I think this will prove to be a
red-letter day for the LGPS software market.'
Garth Selvey, Chief Executive of Comino, comments:
'Comino's main markets are social housing, local authority revenue departments
and occupational pensions systems. These recent wins emphasise our continuing
ability to provide effective solutions for these sectors. The partnership
with WMPF represents a breakthrough in the provision of effective software for
the LGPS market and the potential market and opportunities for Comino are
enormous.'
For further information:
Garth Selvey, Chief Executive, Comino plc tel: 01628 525 433
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