SunGard’s XSP participates in the Inside Reference Data virtual roundtable to share our views and the latest developments in the global corporate actions space.
Click here to view the report.
January 7, 2013 — Wayne, PA – SunGard has acquired XcitekSolutionsPlus, LLC (XSP), a leading provider of end-to-end, automated corporate actions solutions. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard’s financial results.
XSP offers a range of deployed, hosted and SaaS-based solutions that help automate the corporate actions processing lifecycle, including data sourcing and cleansing, position monitoring, notification and response and entitlement processing.
XSP will become part of SunGard’s capital markets business. XSP’s current chief executive, Brendan P. Farrell, Jr., will continue to lead the XSP team, reporting to John Grimaldi, head of the North American securities business for SunGard.
“This acquisition is an exciting step in the growth of XSP. XSP is already considered a leading provider of automated corporate actions processing solutions.* Becoming part of SunGard will help us grow our global footprint and further enhance the breadth of our offering,” said Brendan P. Farrell, Jr., chief executive officer at XSP.
John Grimaldi, executive vice president for SunGard’s North American securities business unit, said, “Corporate actions processing is fundamental to the successful operations of most financial services firms, including sell-side traders, custodians, asset managers, hedge funds and wealth managers. These firms are at the heart of SunGard’s business. The acquisition of XSP will help us deliver specialist corporate actions expertise and solutions to these core customers, and enhance our offering to our securities processing, accounting and servicing customers.”
*source: Aite Group, December 2010
About SunGard’s XSP
SunGard’s XSP provides solutions and services for global corporate actions processing. Accredited with the SWIFTReady Corporate Actions Label, the XSP solution suite offers a range of deployed, hosted and SaaS-based solutions that help automate the corporate actions processing lifecycle, including data sourcing and cleansing, position monitoring, notification and response, and entitlement processing. The suite includes the XSP v5 platform for large multi-tenant enterprises, XSPrisa, a SaaS-based solution for small to medium enterprises and XSP GO!, a suite of customizable user interface components that includes mobile applications. For more information, please visit www.xsp.com.
About SunGard
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $4.5 billion, SunGard is the largest privately held software and services company and is ranked 480 on the Fortune 500. For more information, please visit www.sungard.com.
Trademark Information: SunGard, the SunGard logo, XcitekSolutionsPlus, XSP, XSPrisa and XSP GO! are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
© SunGard 2012. All rights reserved.
NEW YORK, NY – December 4, 2012 – XSP, a leading global provider of automated end-to-end corporate actions solutions, announced that Brendan P. Farrell, Jr., chief executive officer, has been named an honoree of the annual Irish America Business 100 for the second consecutive year. The Annual Business 100 honors Irish-American and Irish-born leaders from some of the most innovative and influential companies and corporations in the world.
The 27th Business 100 Awards luncheon, which takes place on December 5th at the Metropolitan Club in Manhattan, will feature keynote speaker Denis O’Brien, Founder and Chairman of Digicel Group. Business 100 honorees will be featured in the December/January 2013 issue of Irish America, to be released in early December.
Patricia Harty, co-founder/editor-in-chief of Irish America Magazine, commented, “We are delighted to host and organize this prestigious event for the Irish community. Brendan has built a foundation for long-term growth as he continues to lead XSP to achieve great success. We congratulate Brendan on this most deserved accolade.”
“I am honored to be recognized by Irish America again this year,” commented Farrell. “I wish to share this honor with the XSP team as their ongoing dedication to developing innovative solutions helps our customers manage the daily challenges of corporate actions processing. I would also like to congratulate my fellow Irish America honorees for their leadership, vision and dedication to the growth of their businesses and the Irish community.”
Farrell has almost 30 years of experience in financial services. He was vice president of sales and marketing at Financial Information, Inc. and held various officer-level management positions at The Bank of New York. His expertise includes retail management & sales; securities operations & market data management; development and implementation of complex systems; global enterprise technology solutions sales & marketing; executive management; cloud solutions, social network collaboration and mobile applications and serial entrepreneur.
Farrell’s numerous accolades include being named a finalist for the Ernst & Young 2011 Entrepreneur Of The Year Award; named an honoree in Irish America Magazine’s 2011 Business 100; chosen as one of five Emerald Entrepreneurs for Irish Echo’s 2012 Irish Small Business 50; won the 2012 FTF News Technology Innovation Award for Person of the Year; named CEO of the Year in Goodacre UK’s Systems in the City Awards 2012; and most recently selected as an honoree in Ireland INC’s 2012 Inaugural Global 100.
-ENDS-
April 28-May 1, 2013
Boca Raton Resort & Club
Boca Raton, FL
Look for SunGard at the 40th Annual SIFMA Operations Conference. We will be showcasing our corporate actions solutions and post-trade product suite at booth #910. Stop by the exhibit hall for a demo and find out how we can help your organization.
September 16-19, 2013
Dubai World Trade Centre (DWTC)
April 8-10, 2013
The Westin Birmingham
Birmingham, AL
Join SunGard’s XSP at our 2013 Summit which will provide a rich opportunity for obtaining the latest information on the new SunGard’s XSP and what this means to our customers. Enjoy unparalleled networking opportunities combined with knowledge-focused sessions, interactive roundtable discussions and empowering workshops.
Please visit our event website for more information on registration and hotel reservations.
March 17-20, 2013
Renaissance Boston Waterfront Hotel
Boston, MA
It’s our first industry conference of 2013 debuting as SunGard’s XSP so be sure to visit us at booth #16 in the exhibit hall. Speak to a representative about our flagship solution, XSP v5; our latest SaaS offering, XSPrisa; or your challenges around corporate actions processing.
Does your organization use other SunGard systems? Perhaps we can help you interface your systems with XSP. Stop by our booth to find out how we can help.
December 5, 2012
The Metropolitan Club
New York, NY
XSP congratulates Chief Executive Officer Brendan P. Farrell, Jr. on being selected as an honoree of the 27th Annual Irish America Business 100 for the second consecutive year.
Congratulations to all the Honorees of this elite group for your leadership, vision and dedication to the growth of your business and the Irish community.
That coexistence between the ISO 15022 and 20022 messaging standards presents challenges to the producers and consumers of financial data is without question. These challenges, however, also yield opportunities for solutions providers, vendors and consultants that possess demonstrated expertise in both standards. This juxtaposition of needs and opportunities is a common pattern expressed in what is referred to as the Technology Adoption Lifecycle. The Technology Adoption Lifecycle is not specifically limited to technology – it actually represents the sociological motivations guiding consumer behaviour when a new technology or product is introduced. That is not to say that the coexistence between ISO 15022 and 20022 standards is a technology challenge. Rather, it stands to reason that the adoption of 20022 will follow a pattern common to most innovations. This pattern will persist until such time as the adoption of 20022 reaches the boundary between the Early Majority and the Late Majority as depicted in the Technology Adoption Lifecycle. Until that time, 15022 will continue as the de facto standard until the market demands otherwise.
When my firstborn child came into this world some twelve years ago, I was immediately confronted with the wonder and worry all first-time parents face. Continue reading 
When I was presented both the honor and opportunity to speak at the Cloud Connect 2012 conference in Santa Clara, CA, my first impulse was to make a few tweaks to my standard, tried and trusted Cloud slide deck. It seems like today all of us have one of these at the ready – you know, the polished and practiced deck that outlines the multitudinous benefits of the cloud, why it’s the new technology “game-changer,” and it’s time for everyone to get onboard and realize the brilliance of all things cloud. Continue reading
Catch up with Chief Executive Officer Brendan P. Farrell, Jr. and Managing Director & Chief Technology Officer Daniel E. Retzer in this video produced by Asian Banking & Finance Magazine.
Hear them talk about the Company, the Cloud, ‘Raving Fans’, XSPression, XSPrisa, multilingual front ends, the Asian markets and more.
Meet Brendan P Farrell Jr., CEO and hear more about the people and technology that power XSP. Continue reading
Watch Brendan Farrell being interviewed for the Ernst & Young Entrepreneur of the Year. Continue reading
