Corero Network Regulatory News (CNS)

26 Apr 2006 07:01

Mondas PLC26 April 2006 Mondas plc ("Mondas") New contract win from stockbrokers J.M. Finn & Co Mondas plc, the AIM listed banking & securities software specialist has secureda significant order to supply its market leading corporate actions Radica CAPSsoftware solution to J.M. Finn & Co, one of the leading independent stockbrokingpartnerships in the UK. The initial contract has a minimum value of £300,000, most of which isreceivable within the current financial year and relates to a six year softwarelicence and associated professional services. The remaining revenue will be fromsupport fees over the period. J.M. Finn & Co, which manages approximately £2.5 billion of funds on behalf ofits clients, has offices in London, Bristol and Leeds, providing privateclients, intermediaries, charities and institutional investors with servicestailored to their needs. Radica CAPS 4 will provide JM Finn & Co with a fully automated end-to-endcorporate actions processing system, for both Equities and Fixed Income events.The system will create a "golden record" from the Event Capture and DataScrubbing modules. Entitlement Calculation, Position Management, Notificationsand Outcome production are all included in the roll-out of the system. JM Finn &Co. will also deploy Radica EMP as a web based election management portal foruse by its front office decision makers. "I am delighted that after a rigorous selection process, J.M. Finn & Co.selected Mondas for this very important project." said Jarlath McGee, ChiefExecutive of Mondas. "Our recent release of Radica CAPS 4 takes Mondas again tothe forefront of the offerings in this growth market and we look forward toadding J. M. Finn & Co. to our increasing list of satisfied live clients." Steven Sussman, Managing Partner of J. M. Finn & Co. said: "The automation ofcorporate actions is critical to suppport our growth plans both immediately andin the long term. Radica CAPS will allow such growth and will also, through theuse of the web-based election portal, enable our fund managers to provide a muchbetter service to our clients." 26 April 2006 ENQUIRIES:Mondas PLC Tel: 020 7392 1300Jarlath McGee College Hill Tel: 020 7457 2020Alex WaltersMatthew Smallwood Mondas Plc: Mondas' Financial Markets Division focuses on delivering asset-servicingsolutions for global corporate actions processing, financial research and clientreporting and the management of new issues and placings Mondas Radica CAPS Radica CAPS is a proven solution that takes the corporate actions process fromthe front office, through the middle to the back, all in a true STP environment,offering benefits at each stage. Flexible, scalable, auditable, compliant,electronic and paperless, the modular design covers a comprehensive range ofcorporate actions processing requirements (including dividends and manufacturedoverseas dividends) from electronic capture of event notifications, entitlementcalculation, through election decision capture to outcome update. Radica CAPSclients include Williams de Broe, Credit Suisse First Boston, Credit SuisseAsset Management, Brewin Dolphin, GNI/Man Financial.. This information is provided by RNS The company news service from the London Stock Exchange