LONDON (ShareCast) - AIM-listed Idox said on Thursday that its engineering information management (EIM) division has agreed to supply its McLaren Enterprise solution software suite and related services to an American multinational energy corporation.

Idox, which supplies specialist document management collaboration solutions and services, said the contract, which includes the licence, services and an off-premise hosted solution, is worth $4.08m over its duration.

The McLaren Enterprise solution software suite will be used to manage and optimise standard operating procedures and engineering documentation and business processes for new capital projects and operations associated with upstream exploration and production.

Chief executive Richard Kellett-Clarke said: "This contract further consolidates McLaren's market leadership with the world's largest oil & gas companies, offering a "best in class" software solution to providers of asset intensive industries globally.

"With blue chip customers in unconventional gas, oil sands and offshore production, Idox's EIM Division has more than 20 years' experience helping its customers implement robust document control and management systems for both major capital projects and asset operations across the oil and gas industry."

Shares in the group had slipped 0.35% to 43.10p at the opening bell.

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