Vermeg’s MegaCor™ First Up For Corporate Actions System Accreditation

London - 29 February 2012

B.I.S.S. Research, the exclusive research company offering the elite industry accreditation of systems & services for the financial services sector, today announced that Vermeg one of the software industries top corporate action system vendors has entered MegaCor™ into the B.I.S.S. 2012 Corporate Actions Accreditation. The corporate actions accreditation is unique and the only truly independent test of systems functionality to achieve operational support for the complete corporate actions process. Internationally recognised by leading financial services firms, the 2012 corporate actions accreditation tests not only the operational functionality, but assesses the all-round capability of Vermeg to provide on-going support for its customers. The accreditation report will be published during SIBOS week and will include the results of the tests created by experts from the securities industry.

Gary Wright, C.E.O., B.I.S.S. Research and creator of the B.I.S.S. Accreditation said “Participation in the B.I.S.S. Accreditation enables vendors to showcase the unique aspects of their system and services, through an independent evaluation, allowing them standout from their competitors. The B.I.S.S. Accreditation process has followed MegaCor™ on its journey to be one of the standout systems available in the market today. This year’s report will detail the latest developments to this already impressive system and should be compulsive reading for people looking to procure a corporate actions system. It should be noted that Vermeg has entered MegaCor™ into the corporate actions accreditation every year since it was created in 2002. Vermeg’s commitment to submit their system each year for ten years in a row supports Vermeg’s dedication to excellence, which appears to have been reflected in the recent expansion of its Paris Office and establishment of an additional development site in Malta.”

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