Mondas announces contract with Williams de Broë Plc

Banking & Securities software specialist, Mondas Plc, announces today that Williams de Broë Plc, one of the City’s leading stockbrokers, has signed a contract worth a minimum of £350,000 for Mondas’ corporate actions software, Radica CAPS and election management portal, "EMP". The contract includes licence, services and support over five years.

Radica CAPS will enhance "straight-through-processing" within Williams de Broe’s corporate actions departments. EMP will automate, through a web tool, the process of making elections on voluntary corporate actions. The system will be fully integrated with their back office systems.

Jarlath McGee, Chief Executive Officer of Mondas commented:

"I am delighted that Williams de Broë has chosen Radica CAPS. Mondas is excited to be working with an organisation that is investing in such automation projects. We expect to collaborate with them on developing further the capabilities of our Asset Servicing solutions. This latest order from a major customer further strengthens the position of the Group’s flagship product Radica CAPS in this very competitive market."

David Whistance, Finance Director of Williams de Broë commented:

"Williams de Broë has been evaluating corporate actions vendors for some time. Our deliberations were prolonged as we were waiting to see how the market developed. We selected Mondas because we feel that Radica CAPS represents the most comprehensive solution at this point in time."

Further information regarding the order will be announced in due course.

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