US Contract
Mondas PLC
21 March 2006
Mondas plc ('Mondas')
First US contract for Blue Curve with Ferris, Baker Watts, Inc.
Banking & Securities software specialist, Mondas, announces that Blue Curve, its
recently acquired supplier of software solutions to financial institutions, has
been awarded its first contract in the USA by Ferris, Baker Watts, Incorporated,
a large full service investment bank and brokerage firm, for its research
production and distribution software. The contract is worth in excess of USD
200,000, subject to implementation acceptance. The contract is for a minimum of
three years and includes licence and support, but excludes any professional
services, which would be the subject of further orders.
Ferris, Baker Watts will implement the Blue Curve solution in its research
departments across the United States, beginning with centres in San Francisco,
Baltimore and Richmond, Virginia. The first phase will introduce common
document templates and an automated document production process using software
deployed over the Internet and hosted by Mondas. This Application Service
Provision service will also provide Ferris, Baker Watts with a central document
repository and centralised distribution to several research aggregation
services.
Jarlath McGee, Chief Executive Officer of Mondas commented:
'This represents a significant milestone in the development of Mondas and is the
first demonstration that the acquisition of Blue Curve is delivering as
anticipated. We look forward to building on this base as we develop our product
offering and reach of the company.'
Mark Robertson, Managing Director, Financial Markets, of Mondas commented:
'I am delighted that Ferris, Baker Watts has chosen Blue Curve as the platform
on which to automate the production and distribution of its financial research.
This is an exciting and significant relationship for Mondas, being our first
ever sale into the United States. This latest order reinforces our belief that
Blue Curve provides a compelling solution to the global investment banking
community.
Heidi Mort, Vice President, Equity Research of Ferris, Baker Watts commented:
'Ferris, Baker Watts has been evaluating several vendors with a view to
improving our research production and distribution processes for some time. We
selected the Blue Curve product from Mondas because we feel that it provides the
most comprehensive solution on the market. Its modular approach also allows us
to implement the software in a way that suits our business needs and budgets.
We look forward to offering our clients an improved research service as a result
of this new initiative.
About Ferris, Baker Watts, Incorporated
Ferris, Baker Watts, Inc. is a Member of the NYSE, SIPC and has provided
investment services to individuals, corporations and institutions for more than
100 years.
21 March 2006
- ENDS -
Enquiries:
Mondas PLC 020 7392 1300
Jarlath McGee, Chief Executive
Mark Robertson, Managing Director, Financial Markets
College Hill 020 7457 2020
Matthew Smallwood
Alex Walters
This information is provided by RNS
The company news service from the London Stock Exchange
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