29 January 2014
Fusionex secures first ‘GIANT’ contract win
Fusionex (LSE: FXI), an award-winning and market leading international provider of enterprise software specialising in Analytics and Big Data solutions, is pleased to announce that it has secured its first customer for GIANT, its innovative Big Data Analytics solution. The customer has global operations in the travel, leisure and hospitality sector. The contract is a multi-million dollar deal over a 5 year term, with a subsequent option for renewal.
The customer will deploy Fusionex GIANT to consolidate, retrieve, manage and process its data for advanced analytics to derive the information and insights that it seeks.
Ivan Teh, Fusionex Managing Director commented:
“This is a GIANT step that Fusionex has taken to establish itself as a key Big Data Player. We have received tremendous response since the launch of our Big Data product last month. Securing this first landmark win reinforces the potential of GIANT and validates our growth strategy.
We see organisations demonstrating increased interest to take measures in understanding and making sense of their multitude of data. Organisations are starting to appreciate how powerful descriptive, diagnostic and predictive analytics can help improve business performance and profitability significantly, if used appropriately. We are confident that Fusionex can unlock the value of Big Data Analytics to organisations through GIANT. We want to bring Big Data to the masses and make it available to all organisations wanting to embark on this journey.”
For further details:
FusionexIvan Teh, Chief Executive Officer
Yuen Choong Lai, Chief Financial Officer
0207 466 5000
Panmure GordonGiles Stewart, Fred Walsh, Grishma Patel (Investment Banking)
Tom Nicholson, Charles Leigh-Pemberton (Corporate Broking)
020 7886 2500
BuchananJeremy Garcia, Gabriella Clinkard
0207 466 5000