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RNS Number : 9586F

Maxima Holdings PLC

25 June 2012

25 June 2012

Maxima secures 4 year managed e-commerce cloud solution contract valued at GBP1 million

("Maxima" or "the company")

Maxima Holdings plc (AIM: MXM), the leading IT business systems and managed services company, is pleased to announce continued success having secured a 4 year managed e-commerce cloud solution contract with a major insurance broker. The contract is valued at GBP1 million.

Commenting on the company's recent success, Maxima Managing Director Fraser Fisher said:

"We are delighted to have won this contract with a major insurance broker, strengthening the relationship between our organisations. We retain the belief that outsourcing all or part of your IT function is a huge strategic advantage in making an organisation more economical and flexible to business change.

"We are pleased to strengthen our recurring revenue base, as we continue to develop our offering in key IT Managed Services areas such as cloud computing, outsourcing, hosting, networking, security, offshore infrastructure management, virtualisation & unified communications."

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For further information please contact:

Maxima Holdings plc

   Ian Smith - Executive Chairman                   Tel: +44 (0)1242 211 211 
   David Memory - Chief Financial Officer   Tel: +44 (0)1242 211 211

Cenkos (Nominated advisor to the Company)

   Stephen Keys / Adrian Hargrave                  Tel: +44 (0)20 7397 8900

MHP Communications

   Reg Hoare / Vicky Watkins                             Tel: +44 (0)20 3128 8100

Notes to Editors:

Maxima (AIM:MXM) is a leading provider of IT business systems and managed services, helps organisations to increase their productivity, reduce their business costs and streamline their processes. The company's IT Managed Services operations support all aspects of cloud computing delivery, including Infrastructure as a Service, Platform as a Service and Software as a Service capabilities. Core Maxima services include virtualisation, web connectivity, application management, infrastructure management & IT outsourcing. For more information, please visit www.maxima.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

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