Lombard Risk Management plc, the leading
risk management, valuation and regulatory reporting software
company, announces an update on trading.
The Group announced in its final results announcement on 4th
July 2006 that it had achieved revenues in the June quarter
of approximately £2.0m. These were recognizable revenues
rather than orders received or contracts awarded, and compared
with revenues of £4.7m for the previous financial year
ending March 2006.
The Group is now pleased to announce that in the month of
July it has signed two significant new contracts for its STB-Reporter
regulatory reporting product as well as a number of smaller
deals. The Group has also made good progress with its other
products and is in the final stages of contract negotiations
for a number of other deals for Colline.
The two contracts for STB-Reporter between them have a value
in the first year of around £0.7m, and are significant
for the Group not only in size but in strategic importance.
Allied Irish Bank has contracted the Group’s subsidiary
STB Systems to deliver its bank regulatory reporting on a
global basis including Ireland, the United Kingdom and several
Western European countries as well as New York. Standard Bank
of South Africa has contracted STB Systems to deliver South
African Reserve Bank (”SARB”) reporting in addition
to its existing relationship with STB Systems for bank reporting
in several other jurisdictions including the United Kingdom
and Hong Kong.
Lombard Risk, through STB Systems, is the market leader for
U.K. Bank Regulatory Reporting with over 140 out of 350 banks
in the U.K. using the STB-Reporter product for regulatory
reporting to the FSA.
Enquires:
For further information please contact::
John Wisbey
Chairman and CEO
Tel : +44 (0)20 7384 5000
Click here to email Lombard Risk's Investor Relations team
