Corero Network Regulatory News (CNS)

22 Nov 2005 10:56

Mondas PLC22 November 2005 MONDAS PLC ("Mondas" or the Company") NEW CONTRACT MONDAS PLC ANNOUNCES ITS FIRST GLOBAL ROLL-OUT OF RADICA CAPS Banking and security software specialist, Mondas PLC, announces that the ZurichOffice of one of its existing global asset management clients has placed anorder to implement Mondas' recently announced Radica CAPS 4. The Zurich systemwill be linked to its London system to create what is believed to be the firstmulti-centre Corporate Actions solution using a common database. This followson from the decision of the same company's London office in April 2005 to extendits licence capability and, although the contract value is relatively small, thedirectors of Mondas believe that it represents a significant breakthrough. The client's London office is also upgrading to Radica CAPS 4, havingsuccessfully implemented Radica CAPS 3. The new system will provide a singleinstance of Radica CAPS, where both centres will share common event data. Legalentity filtering will ensure that each centre will only be able to access itsown client lists and positions thus preserving and protecting each location'sclient confidentiality utilising "Chinese walls" embedded into the system. Jarlath McGee, Chief Executive, said: "This is a highly significant development for Radica CAPS and clearlydemonstrates that the Mondas system offers a truly global solution. It alsodemonstrates our client's commitment to Mondas and the belief that CAPS canservice the needs of an organisation with international reach." Enquiries: Mondas PLC Tel: 020 7392 1300 Jarlath McGee, Chief Executive College Hill Tel: 020 7457 2020 Matthew Smallwood/Clare Warren Notes to Editors Radica CAPS streamlines current Corporate Action processes from electroniccapture of event notifications to the processing of election decisions in aStraight Through Processing environment. Everything from capture to systemsupdate is auditable, compliant, electronic and paperless and substantiallyreduces operational risk. Ends This information is provided by RNS The company news service from the London Stock Exchange