London, UK 06th October 2009 – B.I.S.S. Research, the exclusive research company offering a unique benchmarking of services and systems in the financial services sector, today announced that Vermeg’s corporate actions system MegaCor® has achieved the 2009 B.I.S.S. Accreditation. The independent, corporate actions, industry panel, highlighted in their scores several notable features of MegaCor® but made particular distinction in its notification functionality. The notification functionality in a corporate actions system is one of the prime requisites and MegaCor® impressed with the quality of its solution. The resulting benchmarking report also outlines the potential of the system to support a wide range of different business sectors and types of services.

Gary Wright, C.E.O., B.I.S.S. Research and creator of the B.I.S.S. business benchmarking concept said "The results show an outstanding achievement for MegaCor® and Vermeg, as after the annual review, the benchmark tests this year, were extensively enhanced and additional categories were included, making it the toughest since the first benchmarking in 2003.

The benchmarks included areas of operational risk, client services, regulatory and a wide range of financial product capability. The performance of MegaCor® in these tests was exemplary as was ability of the people at Vermeg who are experts in global corporate actions processing. It is often missed that the benchmarks are as much a test of the vendor’s capability and knowledge in corporate actions as that of the systems functionality. We congratulate Vermeg on their achievement.

  
The B.I.S.S. Research benchmarking report which includes the benchmark tests, the results and the analyst’s view on MegaCor® & Vermeg is freely available to financial services firms upon request."

Christian Cure, Vermeg’s EVP, Sales said "Vermeg has now cumulated more than 12 years of experience in the field of Corporate Actions Processing. MegaCor® is the result of this proven track record, initially developed with institutional players from the custody business.

It is a source of great satisfaction for Vermeg to see both the system functionality and the deep expertise of its people recognized by the industry panel. The BISS industry benchmark is without doubt of great value to all participants in this market and has definitely become a well established standard."