Corero Network Regulatory News (CNS)

26 Jul 2006 07:01

Mondas PLC26 July 2006 Mondas plc ("Mondas" or "the Company") Mondas signs major new contract for Blue Curve. Mondas plc, the AIM listed Financial Markets software specialist, has secured asignificant order to supply one of the world's leading banks with its marketleading Blue Curve research management software solution. The client is one ofthe top ten largest banks in the world, with offices in UK, Europe, US and Asia.The contract is for the supply of licences, professional services and support,which, subject to acceptance, should provide material revenues in the secondhalf of the year. Mondas will provide the client with the majority of Blue Curve's modules,consisting of its create, process, comply and reach products, which willfacilitate the production and distribution of the bank's research products atoptimum levels of quality and efficiency. The client expects to see improvedlevels of customer service, as well as reduced operational risk in its researchdepartment as a result of the deployment of the software. The project will begin immediately with a phased approach, the first of which isdue to go live in October this year. The system is proposed to be rolled outacross the bank's global offices, including those in the United States. "I am delighted that a major UK based bank has selected Mondas for this veryimportant project." said Jarlath McGee, Chief Executive of Mondas. "Once again,Blue Curve has shown itself to be the product of choice for improving theoperational processes of a large financial institution and underlines thestrength and the global appeal of this product." Mark Robertson, Director, Mondas Financial Markets Division commented: "We arepleased that this major bank has chosen to use Blue Curve as its researchproduction and delivery platform, as this demonstrates the appeal of thesoftware across both equity and fixed income business areas, as well as fromsmall to large firms." 26 July, 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. Its key productsinclude Radica CAPS, Signal and Venture and the Blue Curve suite of products. Blue Curve Blue Curve designs, builds and deploys enterprise solutions which improve theproduction and distribution of complex financial documents. Founded in London in1995 and acquired by Mondas in 2005, the company now has offices in the UK andthe US and serves customers throughout Europe, Africa and North America. BlueCurve is the recognised leader in software applications which improve theproduction and distribution of investment research, and is a major operator inthe growing investment management research and client reporting markets. Formore information, see http://www.bluecurve.net This information is provided by RNS The company news service from the London Stock Exchange