Viglen snaps up three-year Misys deal

Viglen has scored a £3 million deal to supply Misys Financial Systems with PCs for the next three years.

The contract will require Viglen to supply and configure 10,000 PCs over a three-year period to Misys' customers. Apricot (now known as Mitsubishi Electric) previously held the contract.

Bordan Tkachuk, chief executive of Viglen said: 'The Misys' contract emphasises the advantages that Viglen can offer corporate customers, by making units to order. Viglen is beating the multinationals in the more demanding segments of the corporate sector.'

Richard Lewis, operations director at Misys, continued: 'Viglen has the ability to configure the machines to meet our specific requirements and ship the systems directly to our customers. We are looking forward to working with Viglen on a long-term basis.'

Viglen announced it would refocus on value-added services in September 1998. The company targets the education, government and corporate sectors.

The decision to move away from the mail-order sector followed disastrous results for the year ended 30 June 1998. The figures revealed that profits had crashed from £11 million to £4.4 million and turnover from £100.9 million to £94.6 million.

Alan Sugar has since regained 72 per cent of the company and recently announced that £16 million of surplus cash would be returned to shareholders.

Viglan's shares remained static at 35.5p after the deal was disclosed.