Global Top Ten Asset Manager Selects XSP® v5 Corporate Actions Platform


NEW YORK, NY - XSP, the global leader in automated end-to-end Corporate Actions solutions, today announced that its newest client, one of the world's top Asset Managers based in New York City, has selected the XSP® v5 Corporate Actions automation solution. The recent client, with over US$700 billion in assets under management, will be implementing the XSP Data Management & Scrubbing module; XSP Web-based eTRAN® module for automated notifications; response capture and elections processing; XSP SWIFT ISO Messaging and XSP Standing Instructions to streamline its Corporate Actions operations.

The XSP v5 platform is XSP's state-of-the-art solution developed to automate each step in the processing of global Corporate Actions. A Microsoft Gold Certified Partner, XSP re-engineered its platform using advanced Microsoft technologies. The XSP v5 platform is built around a Service-Oriented Architecture (SOA), utilizing Microsoft .NET components and Windows Communication Foundation (WCF) and Web Services for global enterprise-wide processing. Accredited with the SWIFTReady label, the XSP v5 platform is SWIFT 15022 compliant and combines cutting-edge technology with feature-rich functionality to mitigate operational risks and costs for end-to-end straight-through processing (STP).

Brendan P. Farrell, Jr., Chief Executive Officer at XSP, said, "We are delighted to provide this leading global Asset Manager with our proven end-to-end platform to mitigate the risks and costs associated with Corporate Actions processing. In addition to upgrading customers on a regular basis with new releases, XSP continuously develops innovative offerings to help the financial community progress forward as the volume of Corporate Actions activity continues to grow. With XSP Professional Services, our team of subject matter experts ensures our clients gain tremendous benefits from the XSP v5 platform. We are extremely pleased to have been selected by this prestigious, world leading asset manager as their global Corporate Actions automation provider of choice and look forward to delivering increased efficiencies and world-class client service."

The Managing Director at this Global Top Ten Asset Manager, said, "In order to support our institutional and individual investors around the world, we needed a solution provider that is 100% dedicated to the Corporate Actions processing space and capable of delivering today. XSP has an established solution backed by a dedicated team of experienced developers and Corporate Actions experts who support the XSP v5 platform 24/7. In addition to an immediate deployment of their robust product functionality that caters to our unique requirements, XSP's multi-tenant platform allows us to potentially leverage their product to other business lines within our global organization in the near future. We look forward to working with the XSP Professional Services team for a successful implementation."

About XSP

XSP is the global leader in end-to-end Corporate Actions automation solutions for the global financial services industry. Accredited with the SWIFTReady Corporate Actions Label, the XSP platform is SWIFT ISO 15022 compliant and proven to mitigate the operational risks and costs associated with Corporate Actions processing. This leading-edge solution features an extensive workflow module and robust data management tools. XSP's Web-based eTRAN® and SWIFT ISO messaging modules automate the client notification and response capture and reconciliation of elections on complex Corporate Actions events. The XSP Entitlement Management module completes the Corporate Actions processing lifecycle for true end-to-end straight-through processing. With over 60 global clients, the XSP software is the most widely-implemented Corporate Actions solution in the world.

The XSP GO! Product Suite is one of the latest innovative offerings from XSP that addresses many new product and technology initiatives around cloud computing, mobile delivery and social networking collaboration which facilitate automating of the last mile in the global Corporate Actions processing chain.

XSP is a Microsoft Gold Certified Partner and has achieved a Microsoft Competency in ISV/Software Solutions. The Company has also been named 2010 Leader in Innovation in Corporate Actions by Financial-i Magazine and recently won the Systems in the City award for 'Best Corporate Action & Reference Data Provider' award. For more information, please visit us at www.xsp.com and follow us on Twitter @XSPGlobal.

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