Vermeg receives BISS accreditation for corporate actions

Source: Vermeg

Benchmark company B.I.S.S. Research has announced that the Megacor corporate actions system from Vermeg has achieved the B.I.S.S. Accreditation in all three market sectors of Broker Dealer, Custodian and Asset Manager. In addition Megacor has achieved most 'excels in' ratings in the 2007 Corporate Actions benchmarking.

Gary Wright, C.E.O., B.I.S.S. Research and creator of the B.I.S.S. business benchmarking concept said "Vermeg took time out of last year's Corporate Actions benchmarking as they totally upgraded their system. The results are spectacular with overall panel scores putting Megacor as the system with 'most excels' marks.

This system looks good and feels good and not only impressed the industry panel marking the system, but the analyst, who details his findings in the 2007 benchmarking report.

Congratulations to Vermeg in a job well done and we are delighted they have been assigned the B.I.S.S. Benchmark Accreditation in all three market sectors."

Christian Cure, EVP Sales, Vermeg, commented: "Vermeg's in-depth experience, acquired over 12 years, of the securities market in general and corporate actions in particular has now crystallised into an advanced SOA based, totally web enabled, platform, allowing for greater STP, easier integration and robust workflow management. We are delighted with the results of the BISS benchmark which confirm that MEGACOR is the leading product in its field. We look forward to assisting even more financial institutions in streamlining their Corporate Actions processing by installing the new, enhanced MEGACOR solution."

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