Managed Solutions Corporation, a Dublin-based company that develops software products for the banking and insurance sectors, has been awarded a £5 million (#6.34 million) contract by Britannia, the UK's third-largest building society.

The contract is part of a £40 million sterling (#23.08 million) information technology investment by Britannia Building Society. The company will introduce Managed Solution Corporation's Clientwise customer relationship management and Workwise workflow products over a five-year period.