UK banking and securities software vendor Mondas has won a five year contract to provide its flagship corporate actions product, Radica Caps, and EMP election management portal to City stockbroker Williams de Broë.
Mondas says the contract, which is worth a minimum of £350,000, includes licence, services and ongoing support for the products.
The vendor says its Radica Caps system will improve straight-through-processing at Williams de Broe's corporate actions departments, while EMP will automate the process of making elections on voluntary corporate actions. The products will be fully integrated with the stockbroker's existing back office systems.
Jarlath McGee, CEO, Mondas, says this latest order "further strengthens the position of the group's flagship product Radica Caps in this very competitive market".
McGee says the firm also expects to collaborate with Williams de Broe on developing its asset servicing systems.
Mondas shares were up 5.80% to 18 pence in morning trading.