Corero Network Regulatory News (CNS)

4 Apr 2005 07:00

Mondas PLC04 April 2005 Mondas announces contract with Williams de Broe Plc Banking & Securities software specialist, Mondas Plc, announces today thatWilliams de Broe Plc, one of the City's leading stockbrokers, has signed acontract worth a minimum of £350,000 for Mondas' corporate actions software,Radica CAPS and election management portal, "EMP". The contract includeslicence, services and support over five years. Radica CAPS will enhance "straight-through-processing" within Williams de Broe'scorporate actions departments. EMP will automate, through a web tool, theprocess of making elections on voluntary corporate actions. The system will befully integrated with their back office systems. Jarlath McGee, Chief Executive Officer of Mondas commented: "I am delighted that Williams de Broe has chosen Radica CAPS. Mondas is excitedto be working with an organisation that is investing in such automationprojects. We expect to collaborate with them on developing further thecapabilities of our Asset Servicing solutions. This latest order from a majorcustomer further strengthens the position of the Group's flagship product RadicaCAPS in this very competitive market. " David Whistance, Finance Director of Williams de Broe commented: "Williams de Broe has been evaluating corporate actions vendors for some time.Our deliberations were prolonged as we were waiting to see how the marketdeveloped. We selected Mondas because we feel that Radica CAPS represents themost comprehensive solution at this point in time." Further information regarding the order will be announced in due course. - ENDS - 4 April 2005 Enquiries: Mondas PLC 020 7392 1300 Jarlath McGee, Chief Executive Ian Selby, Finance Director College Hill 020 7457 2020 Matthew Smallwood/Clare Warren This information is provided by RNS The company news service from the London Stock Exchange