Information Mosaic Achieves Independent Industry Accreditation for Corporate Actions Processing

Oct 22, 2010, 07:45 ET from Information Mosaic

LONDON, Oct. 22 /PRNewswire/ -- B.I.S.S. Research, the exclusive research company offering the elite industry accreditation of systems & services for the financial services sector, today announced that Information Mosaic's corporate actions solution IMActions (formerly known as cama) has been duly accredited after achieving the benchmark tests set by an independent industry panel. The associated report to be published by B.I.S.S. Research highlights the impressive performance of IMActions across a range of exacting corporate actions operations. In particular outstanding results were achieved in event processing and workflow. The report also examines the growing capabilities of the system's functionality, state of the art technology and range of services, which have made Information Mosaic a unique company in the corporate action system supplier space.

Gary Wright, C.E.O., B.I.S.S. Research and creator of the B.I.S.S. Accreditation said, "The aim of the Accreditation is to help buyers sort the wheat from the chaff, enabling firms to more easily select a system or service that has truly shown excellence. Gaining the accreditation is not easy and products submitted undergo a very rigorous examination by our analysts and independent panel of industry experts. Information Mosaic's corporate actions solution has been benchmarked and accredited by B.I.S.S. for many years and the accreditation of IMActions (formerly known as cama) each year is a great testament to the work and investment made by Information Mosaic in this product. The benchmark tests are updated annually, along with the introduction of new panel members, so to attain this consistency when put under continual pressure is a terrific accomplishment. The coming years are going to be very tough for financial services with expected capital raising transactions going through the roof but the fact that such great software solutions are available should be a comfort."

"The title of the B.I.S.S. Research report this year is 'more than just software' and this really sums up what we are trying to achieve as a company. We are so pleased with the plaudits our corporate actions solution receives in the report but we are also pleased that our commitment to continuous innovation, to recruiting and nurturing people with deep industry knowledge, to 'living and breathing what we do' are also recognised. For us, it's about combining winning solutions with genuine insight to deliver business value to our clients from day one," said John Byrne, CEO, Information Mosaic.

About B.I.S.S. Research

B.I.S.S. Research is an independent research company providing training, advisory services, business benchmarking, Accreditation and analysis of technology and services of suppliers in the Global financial services industry. B.I.S.S. Research analysts are all from a business to IT background with a long track record of procurement in the financial services market place, which enables them to produce unique and valuable assessments of technology and services and their value to the supplier and the market place.

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Or contact: Cathy Wright

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About Information Mosaic

Information Mosaic is a trusted global provider of advanced post-trade automation solutions to the securities and investment services industry, including custody, asset servicing, private wealth management, asset management and investment banking. The company is a recognized market leader for corporate actions automation, winning multiple awards for best corporate actions solution and achieving record scores in independent benchmark tests.

Founded in 1997, Information Mosaic currently supports the post-trade operations of over 60 financial institutions worldwide. The company has a proven track record of helping financial institutions transform post-trade operations, enabling them to enter new markets, improve customer service and reduce the risk and cost associated with volume and complex processing. Information Mosaic's breakless post-trade automation platform removes reconciliation points and therefore reduces risk and cost for all core post-trade services including corporate actions, securities settlement, trade, portfolio and cash management.

The company supports its global customer base from offices in Dublin, London, Luxembourg, New Delhi, Singapore, Melbourne and New York.

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For further information contact:

Nicola Garvin

Metia Ltd

+44 (0)20 3100 3586

SOURCE Information Mosaic