UK banking systems vendor Mondas has signed private client broker Brewin Dolphin Securities to its recently acquired Blue Curve research management software.
Mondas says the initial contract has a minimum value of £220,000, the majority of which is for a three year software licence and professional services, the revenue from which is receivable and recognisable in the current financial year. The remainder of the order is for support fees over the period.
Brewin Dolphin will initially install the software in its institutional research department in Newcastle and its Bell Lawrie division in Glasgow.
Simon Still, COO, Brewin Dolphin Securities, says: "We chose the Blue Curve product, as it will enable us to efficiently streamline the process and production of our institutional research notes."
In addition, Mondas will also assist in the rebranding of Brewin Dolphin and Bell Lawrie research and in the integration of the software with existing systems and data.
Commenting on the deal, Jarlath McGee, chief executive of Mondas, says: "This shows that Mondas' increased product offerings has appeal to our enlarged customer base."
The news follows last month's announcement by Mondas that its Blue Curve business had won a three year contract with US investment banking and brokerage firm Ferris, Baker Watts (FBW).