- Arcontech Ltd = a subsidiary of software solutions provider Arcontech Group- has won a number of new contracts for its CityVision market data distribution and AXE trading system products.

The sales have been made to a diverse client base ranging from a smaller independent investment bank to a large international banking group.

The new business will generate revenues in excess of £1.4m over the next three years.

Arcontech plc CEO Andrew Miller said: "We've put an exceptional amount into product and relationship development during the financial year to June 2011 and it is gratifying to see it bring success.

"The combination of new and proven products, together with globalised support is attractive to an increasing number of firms where our advanced interfacing technology, coupled with independence, gives them choice and adaptability as they seek to improve performance whilst reducing costs and vendor dependence.

"We anticipate additional sales once the advantages of our technology become better known through these forthcoming implementations and as a result of our more vigorous sales and marketing programme."

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