Brewin Dolphin Securities has signed a new £1.42 million contract with Mondas for the provision of software and services over the next two years.
The agreement is in addition to an earlier £1.42 million contract with Mondas and formalises the grant of two special perpetual licences for 850 users to Brewin Dolphin, for the supply of Mondas' Radica Portfolio Management system and for Radica Corporate Actions Processing System (Caps), says the company.
Mondas' Portfolio Management system provides holdings and dealing history, portfolio valuations and portfolio performance measurement. The Mondas Radica Caps product provides the user with a straight-through processing system for corporate actions.
This new service level agreement covers support standards, response times and bug fix deadlines, as well as software development projects and their implementation, training, general IT support and project management services.