SYDNEY: Alfa Financial Software Holdings, a leading developer of mission-critical software for the asset finance industry, announced a new contract win with a leading provider of auto finance solutions.

Company expects this new contract to rank in the middle tier, by monetary value, relative to other Alfa implementations. The agreement, which is with an existing customer, includes professional services to deliver an Alfa cloud-hosting environment and a multiple-year hosting and maintenance arrangement. Revenues under this contract provide further comfort over the Company’s forecasts for 2020 and beyond.

Andrew Denton, Chief Executive Officer of Alfa said: “We are delighted to announce this hosting project in partnership with a longstanding Alfa Systems customer. This builds on our cloud deliveries earlier in the year and further demonstrates the viability of Alfa’s rich hosted offering for organisations of all sizes. We expect hosted services to become an increasing proportion of group revenue in the coming years.”

Alfa has been delivering systems and consultancy services to the global asset and automotive finance industry since 1990. Our best practice methodologies and specialised knowledge of asset finance facilitates our delivery of large software implementations and highly complex business change projects.