Corero Network Regulatory News (CNS)

14 Aug 2007 07:01

Corero PLC14 August 2007 Corero PLC("Corero" or "the Company") Substantial order for Radica CAPS Corero is pleased to announce that further to its announcement on 3 July 2007regarding an order for licences and services for the Radica CAPS product from amajor investment banking customer, it has won a £325,000 additional order forprofessional services from the same client. In partnership with the customer, Corero will significantly enhance thefunctionality of its Radica CAPS product to introduce extensive income eventprocessing and related features, further establishing Radica CAPS as a leadingcorporate actions processing system. "This order indicates the faith that our customers have in our ability tocontinue to provide high quality skills and services to support their businessimprovement projects", commented Mark Robertson, Managing Director of Corero'sFinancial Markets division. 14 August 2007 Enquires Corero PLCPeter Waller (Executive Chairman) 07785 228080Ian Selby (Finance Director) 01923 695191Mark Robertson, Managing Director, Financial Markets 020 7392 1300 John East and Partners Limited 020 7628 2200John East/Virginia Bull College Hill Associates 020 7457 2020Matthew Smallwood/Jamie Ramsay Landsbanki Securities (UK) Limited 0207 426 9000Gareth Price / James Glancy Note: Following its change of name from Teather & Greenwood Limited toLandsbanki Securities (UK) Limited with effect from 9 August 2007, the name ofthe Company's broker has changed to Landsbanki Securities (UK) Limited. Notes to Editors Corero 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 J M Finn, Credit Suisse, Panmure Gordon, Man plc and BrewinDolphin. This information is provided by RNS The company news service from the London Stock Exchange