INVESCO Licenses XSP™ As Part of Global Enterprise-Wide Contract with XcitekSolutionsPlus for Corporate Actions Processing

London UK, 17 February, 2004 – XcitekSolutionsPlus, the leading provider of corporate actions automation, announced today that INVESCO, as part of a global enterprise-wide agreement, has licensed the XSP™ software solution for its offices in Europe and Asia. INVESCO, part of one of the world’s largest independent global investment managers, currently uses XSP in many of its U.S. sister company offices to automate corporate actions processing.

Mark Heaney, Head of Global Investment Administration at INVESCO UK says, "After evaluating the leading corporate actions solution providers, we have taken the decision to implement XSP globally. This presents us with the opportunity of leveraging off our U.S. sister companies who have been using XSP for several years. It made perfect sense to leverage the existing relationship with XSP and extend the licence to our Hong Kong and London offices."

As part of the new licence agreement, INVESCO will roll out eTRANâ„¢ (Electronic Tracking Response and Notifications) to their fund managers and decision makers as well as ISO 15022-compliant messaging for communication of notifications and elections to their global custodians.

Brendan P. Farrell, Jr., Managing Partner of XcitekSolutionsPlus says: "It is especially rewarding to add this prestigious firm to our growing roster of global clients. We are delighted to continue expanding our relationship with INVESCO to provide high-quality products and services that support their day-to-day operational needs and objectives."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development