Noeleen Flanagan joins Vermilion Software as Director of Consultancy Services

London 27 February 2006 - Vermilion Software plc has announced the appointment of Noeleen Flanagan, former Head of Client Reporting at JP Morgan (JPM) Asset Management, as Director of Consultancy Services.

Ms Flanagan spent over 18 years at JPM where she was a Senior Vice President, spending the last 8 years running their client reporting department in the City. “Over the last few years the market has realised that client reporting is no longer an add-on but is vital to attracting and retaining institutional investors and high-net-worth customers. These customers are now tending to make reporting demands that can be difficult to fulfil without adequate reporting software,” she said. “I am convinced that the major players in the investment market will find buying in expertise in client reporting can provide a more sophisticated solution within a relatively short implementation phase giving them a critical advantage over competitors. I wanted to join Vermilion as I believe this is the way forward for client reporting.”

Vermilion’s chief offering is the Vermilion Reporting Suite (VRS) which offers a global end-to-end client reporting solution, including data management that integrates with customers’ data sources, commentary facilities, workflow and renders reports in industry-standard formats. The days of hiring teams of contract workers to manually compile reports for each quarter end could soon be a thing of the past.

A Vermilion spokesman commented that the company had spent two years working on the product before going to market and that it is now a very mature offering. “With such a respected figure as Noeleen joining us, we are convinced that we now have a winning of combination of the right technology and one of the most experienced end users who can bring the highest level of business understanding to our implementations. This should go a long way to taking the pain out of replacing outdated solutions with VRS.”

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