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MONDAS PLC: NEW CONTRACT WIN FROM PANMURE GORDON & CO

Mondas plc, the AIM listed Financial Markets software specialist has secured a significant order to supply its market leading corporate actions Radica CAPS software solution to Panmure Gordon & Co, a leading corporate and institutional stockbroker.

Panmure Gordon acts as corporate broker or adviser to over 90 companies and investment trusts providing sales and trading to institutional investors. In addition to Panmure Gordon producing research on over 250 companies and 300 investment trusts it also makes markets in over 750 stocks and investment trusts.

Radica CAPS 4 will provide Panmure Gordon with a fully automated end-to-end corporate actions processing system, for both Equities and Income events.
The system will create a “golden record” from the Event Capture and Data Scrubbing modules. Entitlement Calculation, Position Management, Notifications and Outcome production are all included in the roll-out of the system. Panmure Gordon will also deploy Radica EMP as a web based election management portal.

“I am delighted that after a rigorous selection process, Panmure Gordon selected Mondas for this very important project.” said Jarlath McGee, Chief Executive of Mondas. “I am particularly pleased as Panmure are an existing user of Mondas’ Blue Curve product set and this clearly demonstrates the appeal of our wider portfolio of offerings to the financial sector. This second sale of Radica CAPS in as many months proves the need for corporate action processing and that Radica 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 plans moving forward.
Radica CAPS will eradicate a number of manual processes and risks and provide us with a fully automated front to back flow for all corporate events."