XSP Nominated for Operations Management's 2008 'Vendor of the Year' Excellence Awards

17 September 2008

XSP, the leading global provider of Corporate Actions software, announced today that it has been nominated for Operations Management’s 2008 ‘Vendor of the Year’ Excellence Awards. XSP has been nominated for enhancements made to its Corporate Actions platform.

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 has 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 Web Services for global enterprise-wide processing. Accredited with the SWIFTReady Gold 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).

The Operations Management Awards for Excellence are given out annually to leaders from across the securities transaction processing industry who have stood out for their accomplishments over the previous year. Nominees and winners are selected by the editorial staff of Institutional Investor’s Operations Management newsletter, who interview leaders from across the wealth management community, solicit input from subscribers and other industry professionals and call on their own market intelligence.

Brendan P. Farrell, Jr., Chief Executive Officer at XSP, stated, “It is truly an honour to be nominated for Operations Management’s ‘Vendor of the Year’ Excellence Award. As the only Corporate Actions vendor nominated in this category, it reinforces XSP’s ongoing commitment to providing the global financial services sector with a proven and robust Corporate Actions solution that meet their ever-changing dynamic requirements. This recognition is a reflection of the hard work, dedication and industry knowledge of our people, which all contribute to our continued growth and market-leading status.”

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