UK-based Personal Pension Management Limited (PPML) has placed a £1.7 million order for Wealth Management Software's Lisa fund administration system. The deal includes a licence valued at £500,000.
PPML, whose parent company is Credit Suisse, will use the software - to be deployed on Microsoft's new .NET platform - as the backbone of its self-invested personal pension administration service.
Paul Newton, chief executive of Wealth Management Software, comments: "This now brings the total Lisa orders to be booked for FY02 to six, following on from the £500,000 Cofunds Licence, the £410,000 Teather & Greenwood contract, the £249,000 Goy Harris Cartwright contract, the £410,000 Homeowners Friendly Society contract and the Gerrards Private Bank contract.”