Insurance software specialist Sirius Financial has announced a 47% increase in its operating profit for the first half of the year to £750,000. Total revenues are ahead at £10.6m, it added.
Sirius said this was due to the successful UK launch of its outsourced IT deployment, Sirius 21, with 58 broker sales and over 1,000 users now hosted.
Sirius also acclaimed seven new ‘big ticket' insurer wins globally with Sirius for Insurance.
Stephen Verrall, chairman and group chief executive, said: "Our expanding geographical presence is increasing our market presence and allowing more use of our direct sales.
"As a result we have increased our sales team and believe that Sirius is well placed to continue growing top line revenues and improve profitability through higher margins."