Insurance software house Sirius Financial Solutions has released a pre-close trading update for the 2005 calendar year, in advance of the expected release of its preliminary results in April.
Sirius reported good growth across all key activities and said it expects to achieve revenue and operating profit (before goodwill and an exceptional property charge) in line with market expectations.
The company said there are now 65 brokers live on Sirius 21, with a further 26 signed up. In terms of new business, 2005 was a positive year, with 11 confirmed orders and two new territories opened up — South Africa and India.
Sirius added that it is continuing to look for more recruits for its offshore development centre in India.
The software provider is also expecting further cost benefits, resulting from reduced customer support requirements following the successful take-up of Sirius 21.
