News Archive Search
Absoft secures lucrative deal with Centrica Energy
03 May, 2007Business software specialist Absoft has managed to bag a six-figure contract with Centrica's gas production business, Centrica Energy, it has emerged.
The five-year contract is reported to be worth around £120,000, according to High-Tech Scotland.
The Scottish software company will provide full functional and technical support to Centrica Energy's SAP system for its Morecambe Bay gas fields.
Centrica Energy's business solutions manager, Andy Williams, said that Absoft was selected for the project because of its proven capability and its focus on the oil and gas industries.
Absoft managing director Ian Mechie said: "A growing number of companies, including operators and businesses across the energy sector, are recognising the benefits of SAP software.
"Absoft has an unrivalled combination of oil and gas business understanding and SAP expertise which puts us in a prime position to service companies across the spectrum, whatever their individual needs."
The news comes soon after Centrica announced that it hopes its new green unit will enable it to lead the way in the growing UK market for energy efficient solutions.
Banks will be asking potential buyers of new and newly renovated properties what incentives they were offered by the housebuilders, in an attempt to understand more and more about their mortgage customers, it has been reported.
The housing correction has until now been seen as a disaster for all concerned but, with banks refusing to ease up their lending criteria owners are now finding ways to earn from the lack of buyers.
Total mortgage lending for 2008 will fall by 19.3 per cent year-on-year, it has been predicted by Datamonitor.
Homeowners in no rush to sell their homes are turning their properties over to the rental market to avoid selling at a low price during the housing correction, it has been found.
Recent research has found that the housing market is beginning to stabilise, it has been reported, as many factors connected to the buying process are now showing less symptoms of decline.