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Vermeg gains top billing for MegaCor™ in 2012 benchmarking

B.I.S.S. Research, the exclusive research company offering the elite Industry Accreditation of systems & services for the financial services sector, today announced that MegaCor™ the corporate actions settlement and management system from Vermeg has smashed the 2012 Corporate Actions benchmarks. MegaCor™ has therefore been duly awarded the B.I.S.S. Accreditation for having proven systems functionality, which will meet the needs of Asset Managers, Broker Dealers and Custodians, globally.

Gary Wright, C.E.O. B.I.S.S. Research and creator of the B.I.S.S. Accreditation said “It has been a delight to work with Vermeg during the corporate actions benchmarking process. Vermeg is one of only a select few vendors offering a full corporate actions processing system to have been benchmarked and achieved the B.I.S.S. Accreditation each year since its launch in 2002. This demonstrates Vermeg’s total commitment to excellence, to continually enhance its systems functionality and capabilities to ensure the system keeps pace with industry changes and client’s requirements. We have been wowed, not only by MegaCor™ as a stand-out system but by Vermeg’s increasing success throughout the financial crisis and the current economic conditions. This is testimony to the credentials of the company and MegaCor™ to be able to succeed when many others fail. We have noted that Vermeg has been gaining successful sales across Northern and Eastern Europe and now in the UK. A remarkable record of success this year. The benchmarking performance of MegaCor™ was outstanding, meeting all the benchmark tests set and in a number of cases gaining a perfect score. Vermeg was able to prove in the benchmark process that it is taking corporate actions settlement to new heights and in so doing, raising the bar for others to try and follow. We are delighted to award the 2012 B.I.S.S. Corporate Actions Accreditation to MegaCor™ and our congratulations go to the team at Vermeg for a job, very well done. The report with the results of the benchmarking is available to employees of regulated financial institutions from our website.”

Mr Boujemaa Khaldi, Sales Director, Vermeg commented “We are extremely pleased to once again receive the B.I.S.S. Corporate Actions Accreditation, testing MegaCor™ against the toughest examination of functionality and services in the market today. This is no easy task and gratifying that this Accreditation can be shared by everyone at Vermeg, as a mark of the high standards we set in the company. This has been a very good year for Vermeg. Gaining new clients is testament to our time and investment in MegaCor™. We remain committed to ensuring that MegaCor™ continues to be an obvious selection for financial institutions seeking a high quality corporate actions system that performs to the users expectations from a supplier that can be trusted to satisfy buyer’s needs. We look forward to continuing our success in the future, as our exciting plans and new developments are implemented.”