LIMITED 2002-05-22 ASX-SIGNAL-G
HOMEX - Sydney
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Keystone Solutions, part of the Solution 6 Group, announced today
that it had finalised contracts to supply a new Keystone Professional
global practice management system to Clifford Chance one of the
world's largest multi-national law firms.
Keystone Solutions executive Graeme Frost said final negotiations
surrounding the deal were now complete and a software licence
agreement with Clifford Chance had been signed. In addition, he said
development and implementation contracts were in place with
management and IT consultants Cap Gemini Ernst & Young, who will be
prime contractors on the implementation project including the
software development and systems integration work.
"We are delighted that negotiations are now complete," said Frost.
"Keystone will develop and implement a solution for Clifford Chance
that integrates Keystone's technology-leading time and billing, and
client management applications with Oracle's database and financial
applications. Referring to Keystone Solutions' recent acquisition by
Solution 6, Frost said that now Keystone was part of the enlarged
Solution 6 group it was in a much better position to develop the
future potential of its products.
"Keystone's ongoing success was dependent on securing large new
business sales, on a regular basis. The Clifford Chance contract
alone would not have guaranteed Keystone's future stability and
although the deal is a high value transaction, the cash benefits will
be realised over the full term of the implementation."
For more information please contact:
Jonathan Mayo
Keystone Solutions +44 20 7919 5800
David Simonson / Nicola Davidson
Merlin Financial +44 20 7606 124
SOH
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