Aptitude inks three-year deal with US insurance brokerage

(Sharecast News) - Financial software solutions provider Aptitude Software announced a significant contract win with a prominent multibillion-dollar insurance brokerage in the United States on Monday. The London-listed firm said the contract, secured in partnership with business transformation partner HSO, would involve the implementation of Microsoft Dynamics 365 and Aptitude's Fynapse software.

It said the three-year deal, starting this month, was valued at £0.6m and would contribute to the group's annual recurring revenue (ARR).

"I am delighted to welcome another large insurance company to Aptitude's client community," said chief executive officer Alex Curran.

"Fynapse has been selected to serve as their financial data foundation and support their journey to autonomous finance."

Curran said that highlighted the progress it was making with Fynapse and with its strategic partners, HSO and Microsoft, and underscored the momentum across its new business pipeline.

"Fynapse enables us to be a partner-first organisation to support scale, and this win is a key strategic proof point."

At 0821 BST, shares in Aptitude Software Group were up 0.22% at 364.8p.

Reporting by Josh White for Sharecast.com.