MXM Maxima Hldgs

RNS Number:9097F
Maxima Holdings PLC
18 October 2007



Embargoed until 0700                                            18 October 2007

                Maxima Holdings plc ("Maxima" or the "Company")
                                        
                            Major new contract award



Maxima Holdings plc (AIM:MXM), the acquisitive IT Solutions and Managed Service
Company, is pleased to announce that it has been awarded a #3.5 million, three
year managed services contract from Towergate Partnership Ltd. The contract is
to provide Incident, Infrastructure and Problem Management services to over 100
offices and 3,500 staff within Towergate, the largest independently owned
insurance intermediary in Europe. Towergate became a client of Maxima following
the acquisition of Centric Networks in July 2007.

Kelvin Harrison, Chief Executive of Maxima said: "We are delighted to have
extended the contract with Towergate, proving the value in our managed service
offering, as well further strengthening the relationship between our two
businesses. Revenues from this contract will help to underpin expectations for
the current and next two financial years."

Mike Newman, Towergate's IT Director added: "It is an absolute must-have for
insurance brokers to work with a first rate IT provider. I am very pleased with
the service we have already received from Maxima. Their proven experience and
capabilities with both Microsoft and Citrix made the decision to extend the
contract easy for us and I look forward to our continued working relationship."



For further information please contact:

Maxima
Kelvin Harrison, Chief Executive                            01242 211211
Linda Andrews, Group Finance Director                       0141 880 1000

Cenkos - Nominated Advisor to the Company
Stephen Keys                                                020 7397 8926

Smithfield
Tania Wild / Reg Hoare                                      020 7360 4900



Notes to editors:

About Maxima

Maxima Holdings plc floated on AIM in November 2004 at an issue price of 110p.
It was established to acquire businesses supplying IT solutions and managed
services, with the objective of building a focused IT services group. On
flotation it immediately acquired Azur Holdings Ltd, bringing together a
management team with the skill, experience and incentive to deliver significant
shareholder value, through a combination of acquisitive and organic growth. The
business implements and supports enterprise and infrastructure software
solutions for mid-sized, UK-based manufacturing, distribution and service
organisations. These solutions are based upon leading software suites as well as
products developed in-house.

It has since made a further nine acquisitions:

   * August 2005 - Ringwood Group plc, a specialist in content and document
    management solutions, based on Microsoft technologies;


   * September 2005 - Hanston Technology Partners Ltd, a fast growing managed
    services business providing applications support and consultancy services to
    Oracle users;


   * January 2006 - The MFG/PRO business of Seabrook Research Ltd, the sole
    Irish distributor of MFG/PRO, a manufacturing package for which Maxima was
    already the sole UK distributor;


   * May 2006 - QED Business Systems Ltd, which provides managed services for
    critical mainframe and mid-range computer systems and applications software;


   * October 2006 - Cognition Solutions Ltd, provider of enterprise software
    solutions to the construction and facilities management sector; and


   * November 2006 - IIL (Intertech Solutions Ireland) Ltd, which provides IT
    infrastructure solutions and managed services based upon Citrix
    technologies;


   * March 2007 - SevenThree Ltd, supplier of customer relationship
    management software solutions to the construction sector;


   * May 2007 - 3net Limited, an IT Services business, providing consultancy,
    solutions delivery and managed services in networking and security
    infrastructure; and


   * July 2007 - Centric Networks, a managed services business whose skills
    lie in operating systems, networking, security and remote access.


Maxima has grown to become an IT systems integration and managed services
company with a proven track record of delivering innovative and flexible IT
solutions and services. Maxima's in-depth knowledge of industry and business,
coupled with its skills and understanding of leading software suites such as
Oracle, Microsoft and SAP ensures its solutions and services deliver real
business benefits. The group prides itself on the quality of its service, which
leads to strong customer relationships and high retention rates.

About Towergate Partnership Ltd

Towergate Partnership is Europe's largest independently owned insurance
intermediary controlling more than #1.5bn of gross written premium (latest
accounts).

Towergate was established in 1997 to provide insurance in niche markets ranging
from holiday homes to cherished cars. Having expanded and broadened their
products range to over 200 - the widest range of specialist and traditional
products in the UK market.

Towergate is now Europe's largest independently owned insurance intermediary.
With over 3500 committed staff operating out of 100 UK offices. Towergate's
reputation for innovation, progression and dynamism is backed up by recognition
from the Sunday Times as a Profit Track 100 company.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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