Singularity customers sweep STP Benchmarks award

26 August 2005

Singularity today announced that for the second year running its customers scooped the top awards for investment managers in the prestigious Straight Through Processing (STP) Benchmarks® Awards. INVESCO, Britannic Investments and ABNAmro Asset Management together collected a clean sweep of STP (Straight Through Processing) Benchmarks® awards awarded for excellence in process and operation within investment management institutions. The ceremony recently took place at a gala dinner held in The Dorchester Hotel, London. Singularity was responsible for the design, development and maintenance of the IT systems that enabled these companies to enjoy their respective success at the recent awards.

INVESCO, Britannic Investments and ABNAmro Asset Management are key players in the investment market in the City of London, Europe's financial capital. Britannic Investments are owned by the Britannic Group holding company, a listed 250 FTSE company. INVESCO is part of the global AMVESCAP Group, one of the world's largest investment management organisations. ABNAmro Asset Management is the investment management division of ABNAmro, one of the world's ten largest banks.

Delighted with the success of these Singularity customers Padraig Canavan, Managing Director for Singularity, stated: "We are delighted at the success our customers have achieved and proud of our contribution across the financial services industry. We look forward to building further on our track record and helping more financial institutions achieve tangible performance improvement through innovative, cost effective process automation."

About the STP Benchmarks® Awards

Announced at the gala 2005 STP Benchmarks® Dinner at the Dorchester Hotel in London, the STP Benchmarks® Awards recognise exceptional achievement and performance improvement by financial institutions in Straight Through Processing. Based on the ongoing STP Benchmarks® studies conducted across the industry by STP Information Services Ltd, the Awards highlight the achievement of leaders in STP and encourage industry-wide focus on the benefits and approaches to improving STP performance.

About Singularity:

Singularity increases the performance and agility of business processes by rapid implementation of its industry-leading Business Process Management (BPM) products.

Singularity’s mission is to populate the world with agile organizations. As the leading Business Process Agility specialist we today serve clients in over 30 countries from our offices in London, New York, Singapore, Ireland and India and through our network of partners globally. Acclaimed by leading industry experts, as the best in our field, we provide a unique combination of thought leadership and practical help that creates a new generation of successful organizations.

For further press information please contact Kathryn McDevitt at Singularity.
Email: marketing@singularity.co.uk, or telephone: + 44 28 71 267767. For more information, please visit http://www.singularitylive.com or http://www.singularity.co.uk

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