Idox contract win

The Company is engaged in the development and supply of software solutions and services to the United Kingdom public sector and asset intensive industries worldwide. It operates in four segments: Public Sector Software, which delivers software service solutions to mainly local government customers across a broad range of departments; Engineering Information Management, which delivers engineering document management and control solutions to asset intensive industry sectors; Information Solutions, which delivers both an information service and consultancy services to a diverse range of customers across both private and public sectors and Recruitment, engaged in providing personnel with information, knowledge, records and content management to a diverse range of customers. It also provides information management, Web development, online publishing and training services. I have a holding in my growth portfolio (epic code: IDOX)

Idox announced today that its Engineering Information Management Division has agreed to supply its McLaren Fusion Enterprise application software suite and related services to PSEG Nuclear of the USA.  The contract in the first year is worth $2.3m equivalent to 2.5% of annual turnover, with an ongoing maintenance contract thereafter.