ABI Selects Wavex As Long-Term IT Partner

London – September 5, 2009 – Wavex, a leading supplier of IT managed services, announced today that it has recently signed a five year contract to supply IT managed services, support and consultancy to the Association of British Insurers.

The agreement will see Wavex undertake a range of consultancy and project work as well act as the ABI's fully-outsourced IT function. This will involve providing first line support through remote and on-site support for the whole of the ABI as well as consultancy, planning and implementation of appropriate IT infrastructure, and systems.

Peter Sweetbaum, joint CEO & Commercial Director of Wavex said "This is the culmination of in-depth consultation between Wavex and the ABI. The ABI set clear twinned objectives: to increase service quality and reduce costs. We believe we have created a service package which achieves both of these objectives and are very much looking forward to working with the ABI over the next five years. "Wavex has a very strong reputation amongst its clients, where high quality service is central to their IT requirements. The ABI is a greatly respected organisation and we are delighted to be working on their behalf."

Chris Welch, the ABI's Finance Director, said: "We appointed Wavex after a full tender process. We are very impressed by Wavex, in particular with the effort they have made to understand the specific needs of our organisation, the ability they have already demonstrated for coming up with innovative and cost-effective solutions, and the superb references we were given by other Wavex clients."

About Wavex
Founded in 1998, Wavex offers flexible IT support, professional IT project delivery and expert IT advice, to small and medium-sized businesses throughout the UK and internationally. Wavex appears in the Sunday Times Tech Track, Deloitte Fast 50 and Sunday Times Best Companies to Work For.

For more information visit www.wavex.co.uk

Contacts:
Matt Kelly,
Marketing
mkelly@wavex.co.uk
+44 (0) 20 7121 9514

Peter Sweetbaum,
Joint CEO & Commercial Director
psweetbaum@wavex.co.uk
+44 (0) 20 7121 9522

About the ABI
The ABI is the voice of the insurance and investment industry. Its members constitute over 90 per cent of the insurance market in the UK and 20 per cent across the EU. They control assets equivalent to a quarter of the UK's capital. They are the risk managers of the UK's economy and society. Through the ABI their voice is heard in Government and in public debate on insurance, savings and investment matters.

For more information visit www.abi.org.uk

Contacts:
Jonathan French,
Assistant Director, Media Relations, ABI
jonathan.french@abi.org.uk
020 7216 7392