SimplyBiz's Zest signs five-year contract with Aviva
, a company providing compliance and business services to independent financial advisors, has signed a five year contract with multinational insurance company and member of the FTSE 100, Aviva.
The contract involves Zest, SimplyBiz’s state-of-the-art next generation employee benefits technology platform, adding Aviva to the list of over 350 UK companies to use this SimplyBiz technology.
Aviva has chosen Zest to “deliver a new benefits solution designed to meet modern workplace requirements at an affordable cost for their small and mid sized clients.”
Under the contract’s terms, Zest’s platform will grant Aviva the ability to manage and provide their staff with a wide range of employee benefits.
Importantly, Zest works to accomplish this without Aviva needing to significantly change their existing practices for managing their members of staff and operations.
The new deal comes off the back of encouraging first full year results for SimplyBiz, with reported revenues increasing 15% to £50.7m, and adjusted EBITDA up 19.7% to £11.4m.
Earlier this month, Vox Markets reporter Abraham Darwyne stressed how impactful it had been for SimplyBiz to increase its access to capital as a public company, “giving it further flexibility to carry out strategically accretive acquisitions.”
With exciting deals such as this one coming down the pipeline so quickly, SimplyBiz do, in fact, seem prepared to build on their strong position.
Joint CEO of The SimplyBiz Group, celebrated the deal and the company’s growing standing:
"We are delighted that Aviva has taken the decision to select Zest. It is yet another significant endorsement of the Zest solution, which we believe is the most innovative, advanced and easy-to-use employee benefits platform on the market.
We look forward to a long and mutually beneficial relationship with Aviva, as we continue to be a leading choice for companies looking to bring the benefits market in line with modern life and technology.”
Find out more about SimplyBiz's first full year report and its implications: Can SimplyBiz continue to deliver while regulations disrupt the industry?
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