The contract has been secured through the Company's Energy Division. The software will be used around the world by Shell to manage the credit risk of its trading operations.
Financial Objects also announced three other deals which have been signed by the activebank Wealth Management team totalling a combined value of Â£1,000,000 with options on future software and services for Â£250,000. These solutions will be installed in Luxembourg, Bahrain, and the Baltic States over the next 12 months.
Commenting on these contract wins, Karim Peermohamed, Chief Operating Officer stated:
"We are delighted to announce these deals. The Shell contract was won due to our industry expertise, leading software and proven track record. The activebank Wealth Management contracts also prove our ability to deliver leading solutions to this competitive market.
These contracts are a major endorsement of our products and company by significant players in both the energy and wealth management industries."