VERMEG Consolidates Its Position as a Global Force in Regulatory Reporting

PR76594

AMSTERDAM, December 4, 2018, /PRNewswire=KYODO JBN/--

      VERMEG the banking and insurance software solutions leader, has announced

strong progress following its acquisition of Lombard Risk, with its regulatory

business signing more than 30 new customers in 2018.

(Logo: https://mma.prnewswire.com/media/793030/Vermeg_Logo.jpg )

    VERMEG now has over 300 regulatory reporting customers, underlying its

leading position in the market and making 2018 a record year for the business.  

Lombard Risk fully transitioned to the VERMEG brand in all of its operating

countries from October 1st 2018, giving additional scale, enhanced technical

capability and geographical strength to the already strong VERMEG portfolio.

    Badreddine Ouali, Chairman and CEO, VERMEG, said: "VERMEG acquired Lombard

Risk as part of its long-standing strategy to develop its business in the risk

& compliance area, which we have seen significantly enhance the business in

terms of geography, capability and scale. We spent time working to identify the

best business to acquire in order to complement our existing footprint and to

add technical regulatory reporting strength to our strategic solutions

portfolio.

    "I am thrilled that we have overachieved on our ambitions to grow our

footprint in regulatory reporting with a record year for this business. As well

as acquiring more than 30 new clients in the regulatory reporting space, we

have also seen more than 40 existing customers committing to new strategic

long-term relationships with us and secured new service partner relationships

with premier audit and advisory firms and delivered an extension of our

offering in CLOUD and BPO."

    About VERMEG: VERMEG is a specialised software house covering three main

market segments in financial services: Banking, Wealth and Asset Management and

Insurance.

    Our business solutions are designed to address the challenges linked to the

transformation of the financial services industry. As information system

architects, we ensure our clients can achieve cost reductions and

Time-To-Market control in the modernisation of their information systems.

    In addition to offering standard software solutions that meet evolving

digitised needs,  VERMEG provides tailor-made solutions based on our own tools,

project and business expertise.

    VERMEG has over 1100 employees, with presence in Australia, Belgium, China,

UK, France,  Germany, Japan, Hong Kong, Luxembourg, Netherlands, Singapore,

South Africa, Spain, Tunisia and United States. The company supports more than

500 clients in 40 countries.

    VERMEG "SOFTWARE EXCELLENCE FOR LEADERS IN FINANCE"

    More information on: http://www.vermeg.com

SOURCE: VERMEG