Aptitude Software Group PLC — M&A Activity 2024

Jun 17, 2024

National Storage Mechanism | Additional information

RNS Number : 5913S

Aptitude Software Group PLC

17 June 2024

17 June 2024

Aptitude Software Group plc

("Aptitude", "the Group")

Fynapse strategic contract win in partnership with HSO

Aptitude (LSE: APTD), a market-leading provider of autonomous finance software solutions, is pleased to announce a recent partner-led contract win with a leading, multibillion dollar insurance brokerage in the United States. The contract is for Microsoft Dynamics 365 and Fynapse and was won in partnership with HSO, a business transformation partner with deep industry expertise and global reach. The contract with Aptitude will start in June 2024 and is for three years, worth a total software contract value of £0.6m, adding to the Group's Annual Recurring Revenue ('ARR').

Alex Curran, CEO of Aptitude, said: "I am delighted to welcome another large insurance company to Aptitude's client community. Fynapse has been selected to serve as their financial data foundation and support their journey to autonomous finance. This highlights the progress we are making with Fynapse and with our strategic partners, HSO and Microsoft and underscores the momentum we are seeing across our new business pipeline. Fynapse enables us to be a partner-first organization to support scale, and this win is a key strategic proof point."

Aptitude Software Group plc

Ivan Martin, Chairman                                                                                      020-3687-3200

Alex Curran, Chief Executive Officer

Mike Johns, Chief Financial Officer    

Alma Strategic Communications

Caroline Forde / Hilary Buchanan / Will Ellis Hancock                                       020-3405-0205

About Aptitude Software

Aptitude Software provides software solutions that deliver fully autonomous finance to enable its clients to drive growth, efficiency and sustainability. Fynapse is Aptitude's intelligent finance data management and accounting platform designed to increase productivity and lower costs for finance teams globally. Fynapse provides a single view of finance and business data, unparalleled performance and automation, faster and better insights, user-friendly functionality and market-leading total cost of ownership.

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