Focus Solutions has signed a restructured enterprise licence agreement with existing client Openwork.
The enterprise licence agreement is for the Openwork Trading Platform and for multiple sales processes covering the Mcob, Icob and Cob business streams.
The contract is worth between £650,000 and £900,000 over five years and includes licence, support and maintenance fees for several aspects of the Focus technology product suite and a number of solutions.
Openwork IT and business change director Neil Ratcliffe says: “We look forward to realising the same business benefits from this implementation as with previous sales solutions developed by Focus.”
Focus chief executive Richard Stevenson says: “Openwork is making real progress in the multi-tie market and we are very pleased to be continuing our relationship with them. Keeping up to date with regulatory requirements is a big issue for organisations and Focus’ technology provides them with the flexibility to comply with the changing business requirements of today and the future. The contract restructuring underpins our confidence in our expectations for the Group.”