eg solutions plc (eg) – the AIM listed back office optimisation software company, is pleased to announce the acquisition of XTAQ Limited (“XTAQ”), a developer and supplier of business performance measurement software and associated services.
Founded in 1993 XTAQ developed its Nuqleus business performance measurement software to deliver improved operational performance and effectiveness. Customers deploy Nuqleus strategically throughout the enterprise or as a point solution to address particular operational management information requirements.
XTAQ is currently deploying the latest version of its software product, Nuqleus 3D and has created long-term relationships with its customers which, typically, use Nuqleus within processing centres, call centres and mobile professional workforces. XTAQ’s current customers include Aegon, Barclaycard, Citibank, GE Capital, Principality Building Society and Royal Bank of Scotland as well as a number of public sector clients.
The acquisition of XTAQ brings together two companies with complementary software products and customer bases. XTAQ’s Nuqleus 3D product provides real-time automated data capture, with the ability to capture the true start point of the customer journey, together with additional dashboard functionality that eg had been planning to develop for its own operational intelligence product.
Elizabeth Gooch, Chief Executive Officer, commented:
"We believe that the acquisition of XTAQ is an excellent ‘bolt on’ to eg. It strengthens our position in the back office optimisation market, extends our product range, expands our customer base and adds to our recurring revenues. Furthermore, we consider that the sales prospects for Nuqleus 3D will be significantly improved by XTAQ being part of a larger and stronger business."
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Contact:
For more information please contact Rachel Oliver, Marketing Manager – eg solutions plc
+44 (0) 01785 715772
racheloliver@
