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Vermeg gains Biss corporate actions accreditation

27 October 2010  |  1475 views  |  0 Source: Vermeg

Biss Research, the exclusive research company offering the elite industry accreditation of systems & services for the financial services sector, today announced that MegaCor, (Megara's corporate actions module) developed by Vermeg has achieved the Biss Corporate Actions Industry Accreditation.

MegaCor was acknowledged in the Accreditation Report which will be published by B.I.S.S. Research, for its international capability. Vermeg's extensive market knowledge has been used to provide Megacor with the ability be fully compliant with most local domestic market rules, which has led to successful installations in various international markets. The report further noted its impressive corporate actions processing and in particular the notification functionality.

Gary Wright, C.E.O., B.I.S.S. Research and creator of the B.I.S.S. Accreditation said "With new market requirements introduced each year, gaining the accreditation, annually, is not easy. Products undergo an exacting examination by our analysts and independent panel of industry experts and not all meet the high standard required. Vermeg is one of the industry's longest standing suppliers of a 'state of the art' corporate actions system and was one of the first vendors to enter the B.I.S.S. Accreditation, in 2003, resubmission into the benchmarking process each year has allowed B.I.S.S. to map the impressive development of MegaCorTM and the results of Vermeg's investment are being enjoyed by its numerous customers. The benchmarking findings detailed in the report show recognition of this and MegaCorTM fully deserves this industry accreditation. This is a remarkably good product with fantastic international capabilities, from a remarkable company and it's no surprise that more and more international markets are waking up to this terrific corporate actions system. Verified sales over the last two years have shown that Vermeg are achieving some great results with MegaCorTM and B.I.S.S. Research looks forward to continuing to chart its progress."

Christian Cure, Business Development Director from Vermeg said" The B.I.S.S. Corporate Actions Accreditation is highly valued by Vermeg, as it is a very exacting examination, not only of our systems functionality but of the overall services and caapability of Vermeg. We are delighted that the industry benchmarking panel has recognised the excellence of our technology in supporting corporate actions processing in international markets. The Accreditation Report is fulsome in its praise of our technology development platform and highlights many aspects of MegaCor, which we believe makes us extremely competitive in the corporate actions space. We are proud to have received this Accreditation, for the eighth year running, which endorses the outstanding work of our developers, our loyal employees and not forgetting, our customers, who have helped make MegaCor such an outstanding system."

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