Corero Network Regulatory News (CNS)

31 May 2006 07:04

Mondas PLC31 May 2006 Mondas plc ("Mondas") New contract win from Panmure Gordon & Co Mondas plc, the AIM listed Financial Markets software specialist has secured asignificant order to supply its market leading corporate actions Radica CAPSsoftware solution to Panmure Gordon & Co, a leading corporate and institutionalstockbroker. Panmure Gordon acts as corporate broker or adviser to over 90 companies andinvestment trusts providing sales and trading to institutional investors. Inaddition to Panmure Gordon producing research on over 250 companies and 300investment trusts it also makes markets in over 750 stocks and investmenttrusts. Radica CAPS 4 will provide Panmure Gordon with a fully automated end-to-endcorporate actions processing system, for both Equities and Income events. Thesystem will create a "golden record" from the Event Capture and Data Scrubbingmodules. Entitlement Calculation, Position Management, Notifications and Outcomeproduction are all included in the roll-out of the system. Panmure Gordon willalso deploy Radica EMP as a web based election management portal. "I am delighted that after a rigorous selection process, Panmure Gordon selectedMondas for this very important project." said Jarlath McGee, Chief Executive ofMondas. "I am particularly pleased as Panmure are an existing user of Mondas'Blue Curve product set and this clearly demonstrates the appeal of our widerportfolio of offerings to the financial sector. This second sale of Radica CAPSin as many months proves the need for corporate action processing and thatRadica CAPS is now the product of choice in this growing area of automation." Nick Cook, Head of Operations at Panmure Gordon, said: "The automation of corporate actions is critical to support our business plansmoving forward. Radica CAPS will eradicate a number of manual processes andrisks and provide us with a fully automated front to back flow for all corporateevents. 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 Researchproducts. 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 Investment Bank, Credit SuisseAsset Management, Brewin Dolphin, Man Financial, Close Wealth Management andJ.M. Finn & Co. Ltd This information is provided by RNS The company news service from the London Stock Exchange