HUNTSVILLE, Ala., Jan. 11, 2005 (PRIMEZONE) -- Mobular Technologies(r) announced today that the Principal Financial Group(r) has chosen its mobileCompliance(tm) software solution to automate and produce their mutual fund compliance library. The Principal Financial Group, the nation's 401(k) leader and total retirement solutions innovator, offers more than 800 funds for investment. Mobular's mobileCompliance product will allow The Principal(r) to quickly, efficiently and cost-effectively deliver electronic access to mutual fund information filed in the United States Securities and Exchange Commission EDGAR (SEC EDGAR) database.
The mobileCompliance software solution is based on Mobular's state-of-the-art patented technology for electronic distribution of documents and information within a fully searchable, navigable and interactive environment. Mobular will deliver The Principal mobileCompliance library containing their proprietary and non-proprietary fund information, extracted directly from the SEC EDGAR database. The library will be updated daily, ensuring clients of The Principal have access to the most recent fund information for review in making their investment decisions. Additionally, Mobular's user-friendly interface will allow clients immediate access to prospectus documents without being required to download electronic readers or open multiple documents to locate critical investment information.
"As the nation's leading 401(k) provider, it's critical we offer plan sponsor clients and their plan participants leading solutions to maximize their retirement planning and security. This relationship further enhances our ability to provide fast and cost-effective access to information," according to Mike Beer, vice president, The Principal.
"Mobular is proud to have The Principal as a customer and pleased to be the chosen vendor to automate and deliver The Principal's electronic mutual fund compliance library," said Jill Homan, Senior Vice President Business Development, Mobular Technologies. "This project clearly demonstrates the increasing shift we are seeing in the financial industry to provide clients electronic access and viewing of financial documentation."
About The Principal Financial Group
The Principal Financial Group(R) (The Principal(r)1) is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance and banking through its diverse family of financial services companies. A member of the Fortune 500, the Principal Financial Group has $156.0 billion in assets under management(2) and serves some 14.7 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. The Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.
About Mobular Technologies
Mobular Technologies provides innovative technologies for publishing and distributing high-value data and documents for the Financial Services, eCommerce and Government markets. The Mobular platform is a suite of integrated server and client technologies that work in tandem to mobilize both structured and unstructured data, including web content, PDF libraries, SEC (EDGAR) filings and other disparate documents and databases. Hundreds of leading global organizations such as IBM, ADP and Thomson Financial depend on Mobular to deliver business-critical information in a more cost-effective, timely and efficient manner. For more information, visit www.mobular.com.
The Mobular Technologies logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=1273
1"The Principal Financial Group(r)" and "The Principal(r)" are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group. 2As of September 30, 2004.