VERMEG Consolidates Its Position as a Global Force in RegulatoryReporting

Amsterdam (ots/PRNewswire) – 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

Digital press kit: http://www.ots.at/pressemappe/PR133036/aom

Contact:
+44-20-7680-6550
Email: vermeg@newgatecomms.com

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