Published: 16 December 2013
Idox plc (AIM: IDOX), a leading supplier of specialist document management collaboration solutions and services to the UK public sector and highly regulated asset intensive industries, announces that its Engineering Information Management (EIM) Division has agreed a new seven year license contract to supply its cloud-based McLaren Collaboration Workspace solution to a major US-based, global project management, engineering, construction and procurement services provider, until 2020. This new contract replaces the existing subscription based agreement between the two companies.
The initial deal of USD 1.725 million is for software licenses and the first years' support and maintenance. Idox will provide its customer with support for up to 200 projects across its various global operations.
Richard Kellett-Clarke,CEO of Idox, commented:
"We are delighted to extend this relationship for a further seven years, and pleased that our collaboration solution was chosen after a lengthy review by the customer of its internal development options and the other SaaS vendor alternatives. It is a resounding endorsement of McLaren's best in class software solutions and we look forward to working closely with them over the coming years."
Idox plc +44 (0) 20 7332 6000
Martin Brooks, Chairman
Richard Kellett-Clarke, Chief Executive
N+1 Singer (NOMAD and Broker) +44 (0) 20 7496 3000
Shaun Dobson / Nick Donovan
Leander (Financial PR) +44 (0) 7795 168 157
About Idox plc
Idox plc is a supplier of specialist document management collaboration solutions and services to the UK public sector and increasingly to highly regulated asset intensive industries around the world in the wider corporate sector.
Its Public Sector Software Division is the leading applications provider to UK local government for core functions relating to land, people and property, such as its market leading planning systems and election management software. Over 90% of UK local authorities are now customers. The Group provides public sector organisations with tools to manage information and knowledge, documents, content, business processes and workflow as well as connecting directly with the citizen via the web.
The Engineering Information Management Division delivers engineering document control, project collaboration and facility management applications to many leading companies in industries such as oil & gas, architecture and construction, mining, utilities, pharmaceuticals and transportation around the world.
Through the Information Solutions Division Idox also supplies, predominantly to the public sector, decision support content such as grants and planning policy information as well as related specialist services.
The Group employs over 500 staff located in the UK, the USA, Europe, India and Australia.
For more information see www.idoxplc.com
Updated: 20 March 2018