5 September 2006

Fully integrated Corporate Actions solution successfully implemented in under twelve weeks

Mondas plc, the AIM listed Financial Markets software specialist is pleased to announce that Panmure Gordon & Co, a leading corporate and institutional stockbroker, has gone live with Radica CAPS, which delivers a full institutional, end-to-end, STP corporate actions solution, following an implementation that lasted less than twelve weeks.

Radica CAPS 4 is now providing a true end-to-end solution for Panmure Gordon, linking Straight Through Processing of outcomes to their back office system,GLOSS. The system also provides SWIFT Messaging, Data Vendor Feed capture, Data Scrubbing, Entitlement Calculation, Diary Management, Workflow and Notifications.

Nick Cook, Head of Operations at Panmure Gordon, said: “I have been very pleased with the fast and efficient implementation of Radica CAPS. Both implementation teams from Panmure and Mondas have been dedicated to meeting the goals set at the beginning of the project. It proves that with effective project management and commitment from both sides, projects of this nature can be a great success. We now have a true end to end STP solution for our Corporate event processing.”

Jarlath McGee, Chief Executive of Mondas PLC added: “This just demonstrates how quickly a true STP implementation of a complex system can be successfully delivered. Success was achieved through a combination of a robust and proven product, a well-planned project executed by an experienced and committed team from both client and vendor. This approach ensured that all the stringent project criteria project were met, including budget and timescales.”

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