Corero Network Regulatory News (CNS)

21 Mar 2006 07:04

Mondas PLC21 March 2006 Mondas plc ("Mondas") First US contract for Blue Curve with Ferris, Baker Watts, Inc. Banking & Securities software specialist, Mondas, announces that Blue Curve, itsrecently acquired supplier of software solutions to financial institutions, hasbeen awarded its first contract in the USA by Ferris, Baker Watts, Incorporated,a large full service investment bank and brokerage firm, for its researchproduction and distribution software. The contract is worth in excess of USD200,000, subject to implementation acceptance. The contract is for a minimum ofthree years and includes licence and support, but excludes any professionalservices, which would be the subject of further orders. Ferris, Baker Watts will implement the Blue Curve solution in its researchdepartments across the United States, beginning with centres in San Francisco,Baltimore and Richmond, Virginia. The first phase will introduce commondocument templates and an automated document production process using softwaredeployed over the Internet and hosted by Mondas. This Application ServiceProvision service will also provide Ferris, Baker Watts with a central documentrepository and centralised distribution to several research aggregationservices. Jarlath McGee, Chief Executive Officer of Mondas commented: "This represents a significant milestone in the development of Mondas and is thefirst demonstration that the acquisition of Blue Curve is delivering asanticipated. We look forward to building on this base as we develop our productoffering and reach of the company." Mark Robertson, Managing Director, Financial Markets, of Mondas commented: "I am delighted that Ferris, Baker Watts has chosen Blue Curve as the platformon which to automate the production and distribution of its financial research.This is an exciting and significant relationship for Mondas, being our firstever sale into the United States. This latest order reinforces our belief thatBlue Curve provides a compelling solution to the global investment bankingcommunity. Heidi Mort, Vice President, Equity Research of Ferris, Baker Watts commented: "Ferris, Baker Watts has been evaluating several vendors with a view toimproving our research production and distribution processes for some time. Weselected the Blue Curve product from Mondas because we feel that it provides themost comprehensive solution on the market. Its modular approach also allows usto implement the software in a way that suits our business needs and budgets.We look forward to offering our clients an improved research service as a resultof this new initiative. About Ferris, Baker Watts, Incorporated Ferris, Baker Watts, Inc. is a Member of the NYSE, SIPC and has providedinvestment services to individuals, corporations and institutions for more than100 years. 21 March 2006 - ENDS - Enquiries: Mondas PLC 020 7392 1300Jarlath McGee, Chief ExecutiveMark Robertson, Managing Director, Financial Markets College Hill 020 7457 2020Matthew SmallwoodAlex Walters This information is provided by RNS The company news service from the London Stock Exchange