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Bella Solutions, Inc Software Licence Agreement


ServicePower Technologies Plc

(“ServicePower” or the “Company”)

Bella Solutions, Inc Software Licence Agreement

ServicePower (AIM: SVR), a market leader for outsourced service and field management, is pleased to announce the purchase of a source code licence from Bella Solutions, Inc. for its service management software for service providers.

Under the licence agreement, ServicePower will host its own version of the software and will further develop it to provide a hosted, subscription-based service management application to its network of independent service providers.

The software enables a service provider to efficiently manage work orders, employees, subcontractors, inventory, marketing andfinancewith dashboard reporting on all these activities. A client portal provides access to pending work orders and gives the ability to a client to request a work order in real time. The product is a Software-as-a-Service (SaaS) based application which can be accessed from any web-enabled desktop or handheld device

Mark Duffin, CEO of ServicePower, added: “This software further enhances our ServiceMarket platform by offering our network of independent service providers a comprehensive, low cost software application with which to run their businesses more efficiently. It creates a new recurring revenue channel for ServicePower, and our clients will reap the benefits of better managed service providers, but, more importantly, they will have access in real time to the status of work dispatched through our platform.”

For further information, please contact:

ServicePower Technologies Plc FinnCap Newgate Threadneedle
Tel: 0161 476 7762 Tel: 0207 220 0500 Tel: 020 7653 9850
Mark Duffin, Chief Executive Officer Marc Young Caroline Evans-Jones
  Charlotte Stranner Fiona Conroy

About ServicePower

ServicePower Technologies Plc is the only company that can provide a complete, global field management platform that controls all elements of the service lifecycle from offering an appointment, assigning resource and dispatching work through to tracking resources, processing claims and providing business intelligence and analytical reports. With advanced intelligence-based scheduling, dispatch and open market auction software, as well as access to a global network of 86,000 repair and installation technicians, we enable companies to control and schedule work using a mixed resource pool of employees and independent contractors. ServicePower provides solutions that cross all industries. Current customers include Assurant Solutions, Mitsubishi, Farmers Insurance, and Pitney Bowes.

ServicePower is listed on the AIM market of the London Stock Exchange with the ticker SVR.L.

For more information please visit www.servicepower.com

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