Corporate actions data vendor Xcitek has entered a strategic alliance with Financial Information Network, provider of accounting and trading solutions. The deal calls for Xcitek to provide FIN clients with corporate actions data and cost-basis information. According to Xcitek managing partner Joseph Carvalhido, “By combining FIN’s complete global portfolio management system with Xcitek’s renowned data, FIN clients will see the benefits of improved corporate actions and cost basis processing.” The agreement followed an evaluation of corporate actions data services by FIN.
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