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Technology License Agreement with Oracle

18 Mar 2016 07:00

RNS Number : 5026S
Lombard Risk Management PLC
18 March 2016
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18 March 2016

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Lombard Risk Management plc

("Lombard Risk" orΒ the "Company")

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Technology License Agreement Signed

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Lombard Risk Management plc (AIM:LRM.L), a leading provider of integrated collateral management and regulatory reporting solutions for the financial services industry, is pleased to announce that it has signed a Technology License Agreement (the "Agreement") with Oracle America, Inc. ("Oracle").

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Under the Agreement, Oracle is licensed to sell Lombard Risk's AgileREPORTER and regulatory reporting templates to integrate with its Oracle Financial Services Data Foundation. AgileREPORTER will form part of the Oracle Regulatory Reporting Solution being offered to banks globally to manage end-to-end reporting to Regulators.

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Alastair Brown, Chief Executive Officer of Lombard Risk, commented: "We are delighted to have signed this agreement with one of the world's largest and best known enterprise software companies. Our ability to contract with organisations such as Oracle pays testament to the quality of our offerings and will provide a powerful reference going forward. We are confident this will be the beginning of a long and fruitful relationship."

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For further information, please contact:

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Lombard Risk Management plc Tel: 020 7593 6700

Philip Crawford, Executive Chairman

Alastair Brown, CEO

Nigel Gurney, CFO

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Panmure Gordon (UK) Limited Tel: 020 7886 2500

Nominated Adviser and Broker

Adam James

Erik Andersen

James Greenwood

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Newgate Tel: 020 7653 9850

Bob Huxford

Robyn McConnachie

Adam Lloyd

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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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