Qumas heads for NY listing

CORK software company Qumas took a major step towards a listing on New York’s NASDAQ yesterday as it announced a ground-breaking deal with one of the world’s biggest financial services heavyweights.

Fidelity Investments, a mutual fund giant that has more than $1,000 billion (€770 billion) in assets under management, will use Qumas software to make sure that its 32,000 staff comply with the company’s legal and financial requirements around the world.

The deal is the world’s biggest-ever contract for corporate governance services and will be worth up to $10 million over three years.