Stone & Youngberg Renews Agreement with Xtiva

3 November 2008

Xtiva Financial Systems, a leading provider of business performance management solutions for the financial services industry, today announced that Stone & Youngberg LLC (S&Y) has signed a multi-year renewal with Xtiva Financial Systems.

“We have been a client of Xtiva since their beginning and are very satisfied to be able to cement the relationship for years to come.” said Craig Summers, Controller of S&Y. “We conducted a comprehensive search of the industry during this process, including other third-party and clearing firm offerings which validated Xtiva’s offering as the leader in their space and ours. As part of our agreement, we will migrate to Xtiva’s SAS-70 certified data center and their new business performance management portal with data process automation with Pershing’s data center.”

Xtiva’s business performance management portal is the first industry-integrated approach to truly integrated compensation management, sales performance measurement, institutional client performance management, and business policy management tools to support today’s needs for a managed solutions to meet a wide range of business, operations, finance, and technology needs.

The Xtiva portal combines Xtiva’s next generation data consolidation, calculation, and business rules engines integrated with MicroStrategy’s leadership in business intelligence in one seamless Software-as-a-Service suite of products. Xtiva's Business Management Portal delivers the industry’s most comprehensive and flexible reporting and analytics capabilities; providing Xtiva clients with the advanced tools they need to manage their businesses.

“We are pleased to continue our relationship with Stone & Youngberg. As a company that holds a long San Francisco history, we value having a business relationship with such a well respected investment boutique, and will continue to be the best business partner we can be for them.” said Thomas Moysak, Executive Vice President at Xtiva. “We appreciate the trust they have shown in us.”

Xtiva’s new business performance management portal enables clients to:

+ Improve the quality and focus of reporting across the enterprise

+ Reduce total cost of ownership of advanced enterprise reporting solutions

+ Manage revenue and expenses more effectively

+ Bridge the huge gaps between regulatory and financial reporting today

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