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Coexis wins Leader in Innovation award for brokerage securities processing with Syn~.

Coexis, global providers of solutions for the securities industry, which is to be acquired by Australian GBST (ASX:GBT), is rounding off the most successful year in its history by winning the brokerage services category of the Financial-i Leaders in Innovation award.

The awards identify global transaction banks and financial hardware and software vendors that have excelled in terms of innovation in business solutions across wholesale transaction banking. Candidates are initially nominated by Financial-i’s team of journalists and the winners are selected by an advisory panel comprising analysts, consultants and market practitioners.

“Leaders in Innovation”, says Financial-i editor Anita Hawser, “is not about rewarding the banks and financial hardware and software vendors with the largest market share or the most revenues. Although some companies may be pioneers in their space, our awards recognise those companies that demonstrate an ongoing commitment to innovation. Coexis is a past company to watch and they won this year based on the technical architecture of their Syn platform and its configurability. It also seems that the GBST acquisition may help raise its profile.”

Sunil Shah, chief executive officer of Coexis, said: “2008 has been a hugely successful year for Coexis. Our model-based Syn~ solutions have gained increasing recognition from the market with wins for large multi-centre, multi-market implementations; with accolades from industry analyst Gartner and The Sunday Times Microsoft TechTrack top 100, and now from Financial-i with this Leader in Innovation award.

“The industry is facing unpredictable times. The needs for quick time to market, improved efficiency and fast reaction to change – especially in meeting new regulatory demands – all play to Syn~’s strengths. As part of GBST we will have the greater critical mass to fuel and support global expansion.”