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Press release:

Ref: OGI0195
21st January 2010

Thamesbank Select Open GI to Drive Growth in 2010

Thamesbank Insurance Services have signed a five year deal with leading software house Open GI which will double the broker’s IT capacity.

Specialising in Car, Motorbike and Household insurance, Thamesbank currently write in excess of £15 million of premium income and operates two online brands, the Home Insurer and Quote Your Home. They have been trading as an independent broker since 1989.

The contract includes the Open GI core trading system and newly launched products Open Document Centre and Open Workflow Manager which are designed to automate printing and post quote processes.

The deal with Open GI offers support for up to 64 users. The increased investment in IT is a result of the significant growth Thamesbank have experienced through difficult trading conditions in the retail market.

Paul Barnard, Thamesbank’s Managing Director, said: “The business has enjoyed a strong performance in 2009 and we intend to keep this momentum going throughout 2010. By choosing Open GI we have the confidence to set ourselves some ambitious objectives. Open GI’s track record in streamlining IT processes and developing cutting edge software suits the demands of both high street and online markets. The new deal will allow us to grow our user base, freeing any restrictions in our IT capabilities.”

Chris Guillaume, Managing Director, Open GI, said: “We are delighted that Thamesbank has chosen to partner with Open GI. 2009 was a difficult year for many brokers which has put pressure on those looking to negotiate long term deals with suppliers. At Open GI we’re thankful that we are in a position to offer brokers a wealth of experience and the backing of strong financial investment in research and development. Both of these factors are essential to ensure brokers continue to prosper in an increasingly difficult market.”

For More Information contact:
Adele Clarkson
Marketing and PR Manager
Open GI
Tel: 01905 754455
email: adele.clarkson@opengi.co.uk

Notes to Editors:

Open GI supplies market leading IT solutions to insurance brokers across the UK & Ireland. With 25,000 users in around 2,000 firms, the company has a 40% share of the UK broker market and is committed to technological innovation. Open GI technology enables personal and commercial lines brokers trading in standard and niche markets to streamline business activity and become more profitable. With a workforce of 300 people and a 30 year heritage, the company enjoys a strong financial performance. For the year ended 31 st May 2007 Open GI reported revenues of £27.3 million and an operating profit of £13.6 million.