Monetary group subsidiary sells software license to Tranzact

The agreement will allow Tranzact Financial Services to continue to use GPen's records management software.

GPen, a subsidiary of the Monetary Group (ASX:MRY) has reached an agreement to provide administrative software to Tranzact Financial Services Limited.

The agreement will see Tranzact maintaining its license to use, maintain and modify GPen's record administration software.

Tranzact has already been a user of GPen's suite for a number of years on an application service provider basis.

Tranzact is a superannuation administration service which operates businesses in Australia and New Zealand.

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