Information Mosaic Wins Gold at CityCompass Corporate Action Benchmarking Competition

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Information MosaicÂ?s corporate actions automation application, CAMAÂ?, has received the accolade of the GOLD AWARD in all three Industry sectors: asset manager, broker/dealer and custodian, in the CityCompass benchmarking competition B.I.S.S. (Benchmarking International Software Systems) Gold Awards, judged by Bloor research. The CityCompass event is recognized as the only international competition for corporate action solutions.

Information Mosaic’s corporate actions automation application, CAMA™, has received the accolade of the GOLD AWARD in all three Industry sectors: asset manager, broker/dealer and custodian, in the CityCompass benchmarking competition B.I.S.S. (Benchmarking International Software Systems) Gold Awards, judged by Bloor research. “This is a fantastic result for us”, said John Byrne CEO of Information Mosaic, “it demonstrates to the market that we have, indeed, achieved product leadership. CAMA™ is simply the best all-round product in the market today. It justifies the hard work by our team as well as the significant financial investment by our owners.”

In order to judge the different software applications, each vendor completed a comprehensive questionnaire on their product functionality in two categories: business requirements and technical functionality. In depth interviews were then conducted with each vendor to understand the technical framework, the system development and implementation methodologies. Bloor research also conducted telephone interviews with the vendors’ reference sites and a panel of seven industry specialists judged the products and awarded the scores.

In addition to the Gold Awards, Information Mosaic received a merit commendation for their innovative and effective implementation methodology, and was also singled out as “having a very bright future.” “We were delighted to be recognised as the vendor who has excelled in more complex areas of corporate actions processing including tax, reclaims and claims management,” said Grace O’Donnell, VP of Sales commenting on the following quote taken directly from the report: "Information Mosaic has consistently scored well in the difficult area of corporate actions.” Information Mosaic also achieved the top scores in the difficult sections of claims management and book cost apportionment. “It’s an honor to be part of this benchmarking process and being evaluated by such high-calibre industry experts,” remarked John Byrne.

About Information Mosaic

Information Mosaic (IM) is a global provider of advanced middle and back office solutions for the securities services industry. Customers include Global Custodians, Private Banks, and International Investment Institutions across North America and Europe.

Information Mosaic has achieved a leadership position in delivering solutions, on an open technical architecture, that maximise efficiency & STP benefits from standards such as IS0 15022. Information Mosaic has a deployment methodology that results in on-time delivery of complex systems.

Among Information Mosaic's packages are: converg-e™, an advanced middle and back office solution for custodians, asset managers and private banks; and CAMA™, a leading end-to-end corporate actions automation solution that is IS0 15022 compliant.

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Kevin Cullen