Eurobase International Group Announces Strong Financial Performance and Healthy Balance Sheet

London - 21 March 2011

Eurobase International Group has today announced a strong financial performance in the past financial year, with a healthy balance sheet and growing profits fuelling ongoing investment in product and service enhancement.

Eurobase International Group provides innovative software solutions for the insurance and banking sectors, comprehensive consultancy and high-calibre IT recruitment services around the world. The strong balance sheet and cash reserves that the Group is able to draw upon, and the significant increase in operating profits, will enable the company to continue to invest in all of its divisions.

The strong performance of the Group is mirrored in the individual divisions. In the Eurobase Insurance Solutions division, a strong track record of recent new business wins provides evidence of the attractiveness of the Synergy product suite both in the UK and abroad. In particular, the international nature of new customer projects has seen Eurobase Insurance Solution’s coverage expand to encompass more than twenty countries around the world.

In the Eurobase Banking Solutions division, the expansion of the Siena e-solution has exceeded client expectations, and new solutions have been rolled out to hundreds of banks with an “out of the box” implementation completed typically in just twelve weeks. With further investment scheduled to enhance the product suite’s capabilities and strong growth in the sales pipeline, Eurobase Banking Solutions is set to grow aggressively in 2011 and occupy a market leadership position.

Eurobase People, the specialist IT recruitment services division, has demonstrated exceptional growth and ongoing PSL (preferred supplier list) wins despite the slow recovery in the recruitment market during the year, and because of this has continued to expand its client base. Through a combination of strengthened service delivery, increased productivity, and the widely recognised quality of service delivered together with the Group’s strong financial footing, the division expects the year ahead to be one of successful growth and satisfied clients.

John Wilson, the Chairman and Chief Executive Officer for Eurobase International Group Limited, is delighted with the Group’s strong performance and said: “I am confident that our portfolio of products, our commitment to customer satisfaction, our attention to forward planning and our continuing financial strength will enable us to grow our market share and revenues across our divisions.”

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