Mondas signs Charles Stanley Securities for Blue Curve

26 September 2006

Mondas plc, the AIM listed Financial Markets software specialist has secured an order to supply Charles Stanley Securities (“Charles Stanley”) with its market leading Blue Curve research management software solution. The contract is for the supply of licences, professional services, hosting and support fees, where, subject to acceptance, the majority of the licence and services revenues will fall in this financial year.

Mondas will provide Charles Stanley with the majority of Blue Curve’s modules, consisting of its insight, create, process and reach products that will facilitate the production and distribution of Charles Stanley research products. In addition, this is the first time that Mondas will provide a fully managed hosting service in the UK which is expected to reduce the operational cost and allow the software to be used over the Internet.

Charles Stanley expect the software to allow them to improve customer service, gain significant production efficiencies and to quickly expand the range and complexity of their research offerings. By opting for Blue Curve’
s managed services they also expect that the operational risk and operational costs of running such a system will be relatively low.

The project will begin immediately with a phased approach, the first of which is due to go live at the end of this year.

“I am delighted that Charles Stanley Securities has selected Mondas for this very important project.” said Jarlath McGee, Chief Executive of Mondas.
“Once again Blue Curve has proven to be the product of choice for improving the operational processes of a large financial institution and underlines the wide market appeal of this product.”

Richard Hickinbotham, Head of Equities at Charles Stanley Securities said “Having worked with Mark and his team at a previous firm, I have first hand experience of Blue Curve and the benefits it can bring. At Charles Stanley we intend to improve significantly the breadth and depth of the research service we offer our clients. Having a reliable and effective software platform in place will be a major step towards achieving that goal. ”

Mark Robertson, Director, Financial Markets Division commented: “I am personally very pleased that a former client has once again placed his trust in Blue Curve. We look forward to working with Charles Stanley to build and operate a highly efficient research production platform that will bring them significant operational benefits.”

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