View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 2, 1999


By CBR Staff Writer

Sherwood International Plc, the London-based insurance software developer, boasted of a successful attempt to break into the US, when it reported its 1998 results Monday. The US accounted for 24% of its group revenues, or roughly 10m pounds, up from 2% two years ago, when Sherwood first attempted to cross the Atlantic. The company recently set up a Chicago office, from where it sold its flagship Amarta product to top ten insurance firm CNA for $5m, its biggest-ever single sale. The companyÆs big US break came when a deal was struck with the consultancy arm of Deloitte & Touche, under terms of which Deloitte Consulting would pick up the implementation and consultancy fees of Sherwood software sold to US insurance companies. Sherwood reported 1998 net profits up 73% at 3.5m pounds on revenues that rose 42% to 42.6m pounds. Earnings per share rose 68% to 39.9 pence.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.