Corero Network Regulatory News (CNS)

6 Apr 2006 07:01

Mondas PLC06 April 2006 Mondas plc ("Mondas") Brewin Dolphin Securities Ltd. selects Blue Curve Brewin Dolphin Securities Ltd, the largest independent private client portfoliomanager and stockbroker in the UK, has today placed an order with Mondas for itsBlue Curve market leading research management software solution. This initial contract has a minimum value of £220,000, the majority of which isfor is for a three year software licence and professional services, the revenuefrom which is receivable and recognisable in the current financial year. Theremainder of the order is for support fees over the period. Brewin Dolphin, which manages over £17 billion of funds on behalf of more than100,000 clients, will initially install the software in its institutionalresearch department at Brewin Dolphin Securities Limited in Newcastle and itsBell Lawrie division in Glasgow. The software will enable improvements in theefficiency and effectiveness of its research department at a time when thedemands placed on it are increasing, not least from the increase in regulation.In addition, Mondas will also assist in the rebranding of Brewin Dolphin andBell Lawrie research and in the integration of the software with existingsystems and data. "This is a particularly pleasing win in light of our recent acquisition of BlueCurve and our long and productive relationship with Brewin Dolphin." saysJarlath McGee, Chief Executive of Mondas PLC. "This shows that that Mondas'increased product offerings has appeal to our enlarged customer base and I lookforward to further such wins in the future." Mark Robertson, Director of Mondas' Financial Markets Division, commented, "Weare proud to have been selected by Brewin Dolphin, a very important source of UKcompany research and will ensure that the company is fully compliant withcurrent and future regulatory requirements laid down by the Financial ServicesAuthority." Simon Still, Chief Operating Officer of Brewin Dolphin Securities says, "Wechose the Blue Curve Product, as it will enable us to efficiently streamline theprocess and production of our Institutional Research Notes." 6 April 2006 Mondas PLC 020 7392 1300 Jarlath McGee, Chief Executive College Hill 020 7457 2020 Jamie Ramsay Editor's note Brewin Dolphin Securities Limited ("BDS") is the principal operating company ofBrewin Dolphin Holdings PLC which is listed on the London Stock Exchange. BDS isauthorised and regulated by the Financial Services Authority and is a member ofthe London Stock Exchange. BDS is the largest independent private client portfolio manager and stockbrokerin the UK. The Group manages over £17 billion of funds on behalf of more than100,000 clients, and of this £6.9 billion is on a discretionary basis. BDS has34 offices and is corporate adviser to 127 quoted companies. The Group provides complete investment management for private investors,charities and pension funds and trades as: Brewin Dolphin in England, Wales and the Channel Islands Bell Lawrie in Scotland and Northern Ireland Hill Osborne in the East Midlands & East Anglia Wise Speke in the North of England Stocktrade is the BDS Execution-Only division. www.stocktrade.co.uk www.brewindolphin.co.uk Please see Press Centre section on www.brewindolphin.co.uk for details andphotos of all commentators and analysts throughout the BDS Group. Mondas Blue Curve Mondas Financial Markets Division is a provider of solutions to banks, brokersand investment managers that improve complex business processes and reduceoperational risk. Blue Curve is the recognised leader in software applicationsthat improve the production and distribution of investment research, and is alsoactive in the growing investment management research and client reportingmarkets. Blue Curve became part of the Mondas family of products when Mondasplc acquired Blue Curve Limited in January 2006. www.mondas.com This information is provided by RNS The company news service from the London Stock Exchange