Gary Wright the Managing Director of CityCompass Research and creator of the unique business benchmarking concept said "In the third year of B.I.S.S. Benchmarking of Corporate Actions systems this is the first time that any system has gained top marks in all industry categories from the user panel. While the participating systems each showed improvement in functionality, it is still an outstanding result for Information Mosaic and well worth noting their achievement. The benchmarking tests set by the user panel, and verified by the CityCompass Research analyst, were set at a higher level than previous years so Information Mosaic has performed extremely well. The annual benchmark tests set by the user panel has shown that vendors systems have improved each year with all participating systems reaching new high standards. It will be very interesting to see the results of next years benchmarking as the systems continue to improve."
The B.I.S.S. 2005 report on all the Corporate Actions systems taking part in the benchmarking, which includes the analystâs market view is expected to be published shortly and is available for advance orders by contacting CityCompass."
John Byrne, CEO of Information Mosaic, said, "Since entering the competition two years ago CAMAâ¢ has achieved highest overall marks in all categories in both years. It is reassuring to see that our investment in CAMAâ¢ has kept it at the cutting edge of industry initiatives, in some cases surpassing market demands and that this has been recognised by such a distinguished panel of experts. We have designed a unique 24/7 global solution that provides complete operational efficiency and control of Corporate Actions processing for custodians, asset managers, and broker/dealers. In addition we have chosen the most modern, scalable and open technology on which to deploy our solution. Our unique solution is only part of our full offering, as project management methodology and implementation track record were two areas in which IM also scored in the highest percentile. We appreciate the opportunity to present our corporate actions systems for evaluation to this unique and significant forum.."