CityCompass Announces CheckFree, Information Mosaic and Vermeg are in 2005 B.I.S.S. Benchmarking of Corporate Actions

London, UK 15th February 2005–CityCompass, the independent facilitator of contemporary market issues affecting the financial services sector, today announced that CheckFree, Information Mosaic and Vermeg have agreed to have their corporate action systems benchmarked to prove their functionality meets the buyers’ requirements and there position as market leaders.

Gary Wright the Managing Director of CityCompass and creator of the unique business benchmarking concept said "This is the third year of the B.I.S.S. Benchmarking of Corporate Action systems and we are delighted that these three quality vendors are once again taking part. They have already demonstrated in last years benchmarking their systems have leading functionality and the 2005 benchmarking will be the most strenuous yet setting a tough target!

The last two years benchmarking has confirmed that there are only a very few vendors that have proven technology in corporate actions and the systems taking part this year will be setting a high standard that others will struggle to meet. CityCompass highlighted in the 2003 benchmarking report that it expected this space to contract and we now believe there is very clear evidence that this is taking place. This year we will be announcing the overall winner in each category based on the user panel scoring system and the conclusions of the analyst"

Gert Raeves, Strategic Marketing Director from CheckFree said "We look forward to participating again in the CityCompass BISS benchmark which we have supported since inception. Its relevance increases each year as the market for corporate actions automation now offers mature and low-risk solutions such as eVent. Buyers attach a lot of value to the independent analysis that is at the centre oftheBISSbenchmark."

Georgie Cunningham from Information Mosaic said "In regard to Information Mosaic's participation in this year's benchmark, CEO John Byrne stated, "We look forward to the upcoming CityCompass event.

As a first time entrant last year, we found the event to be both challenging as well as rewarding, having received Gold Awards in all three categories and winning the overall competition. We thought that the panel was extremely thorough in its review process and demonstrated excellent industry knowledge. The positive results of the event validated the investment we have made in the functional and technical development of our CAMA(tm) solution over a number of years. As the event is recognized as the only international competition for corporate action solutions, we feel that participation is a must for any qualified vendor. We expect the bar will be set even higher this year and look forward to a challenging event."

Christian Cure Vermeg Sales and Marketing Director said "Vermeg is pleased to participate once again in the City Compass BISS Corporate Actions benchmarking exercise. Such a thorough and independent assessment of the CA solutions available in the market is of great help to our prospective clients, making their selection process much easier."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development