Arcontech Group plc (AIM: ARC), a provider of enterprise level real-time software solutions to the investment banking and broking sectors, is pleased to announce a number of significant new contract wins for deployment of its CityVision market data platform and Excel integration technology, including agreements for deployment in Scandinavia, North America, London and the Asia Pacific regions. The contracts are worth in excess of £850,000 in total, over a three year period.
The deployment continues the success of Arcontech’s “CityVision Adaptor” strategy announced last year allowing banks to deploy data vendor independent solutions, gaining flexibility and providing considerable potential cost savings.
The CityVision systems provide connectivity to banks’ incumbent Thomson Reuters RMDS and Bloomberg systems, increasing flexibility of internal publishing. Licensed components include Arcontech’s CityVision Cache and Excelerator products. The Cache is a high performance and resilient server-based real-time data repository and publisher. Desktop connectivity for real-time publishing and data reception is provided by CityVision “Excelerator” a fast and robust add-in for Microsoft Excel.
The contract wins increase Arcontech’s market share and strengthen its presence in the Nordic, North American and Asia Pacific regions where it is working with other banks and partners.
Andrew Miller, CEO of Arcontech plc commented: “I am delighted to see that our innovative products are becoming increasingly successful internationally. Ease of deployment, migration support and low cost of change can be as important as pure license savings and I’m pleased that our work in these areas is paying off.”