Hansen Technologies Limited (ASX: HSN), announced today that Tesco Stores Limited, (a subsidiary of Tesco Plc) has selected Hansen as a strategic partner in the development of its Telecoms services. Hansen will be providing Tesco with a fully integrated and hosted managed service, using Hansen's proprietary HUB billing software solution as the foundation system. The service is for an initial 3 year term and applies to Tesco's telecoms customers.
This agreement is a material contract for Hansen. Tesco has expectations to grow its already substantial base of existing subscribers. Hansen's revenues are aligned with Tesco's growth in subscriber numbers.
"Hansen is delighted to have been selected as a strategic service provider by Tesco. We welcome the opportunity to work with Tesco to develop a partnership delivering positive billing solutions for its growing telecoms initiatives," said Andrew Hansen, managing director of Hansen. "Tesco's confidence in choosing Hansen is, I believe, a testimony to our industry knowledge, the quality of our proprietary software and our strong personal commitment to our customers."
Gareth Kentish, European director of Hansen, based in London, said: "The roll-out of the hosted HUB solution for Tesco extends Hansen UK's position as a full service provider of telecoms billing solution services. Together with our UK energy customers, Hansen UK now complements the full range of billing services provided by the Hansen Group worldwide. The opportunities for growth in the provision of billing solutions to the telecommunications and utility industries in the UK market are considerable and we are excited by the challenges we can see ahead."