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September 12, 2000

£3.85M ASP Contract Win Powergen Awards Major £3.85 million ASP Contract To QSP

COMPANY PRESS RELEASE: QSP is pleased to announce it has won a major, £3.85 million application service provider (ASP) contract, for its WebFinance Suite, from Powergen. A leading UK energy business, Powergen serves 2.85 million customers, employs 7,500 staff and had an annual turnover of £3.7 billion in 1999.

By CBR Staff Writer

QSP’s e-finance solutions were chosen following an extensive evaluation and selection process, which included other major systems vendors. A Powergen spokesman confirmed, QSP excelled in that comparison and was clearly the best fit for our needs. Furthermore, this latest version of QSP’s WebFinance Suite has Euro functionality, which is vital to the international section of our business.

With ASP, QSP will run the system remotely for up to 600 Powergen staff who will be able to access their applications over the Web. The spokesman commented, ASP was a wise choice because running the system in-house would mean extra expense in staff and hardware.

QSP’s Group Chief Executive, Malachy P. Smith commented, This major contract supports our position as a world leader in ASP. The fastest growing area of our business, in the UK, USA and Asia Pacific during the last year, has been ASP based and will be a key component of our growth as the market for new systems continues to show signs of improvement. Our strategic direction continues to focus on enabling the critical e-finance element of the business market through our award-winning range of software, services and delivery solutions.

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