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XSP Increases Performance in XSP v5 Corporate Actions Platform by Up to 8,500%

XSP, a leading global provider of Corporate Actions software, announced today new benchmark performance figures for its already-powerful XSP v5 Corporate Actions platform with gains as high as 8,500% in its Data Management & Scrubbing module; over 2,500% in its Notifications component and a 3,200% increase in processing lottery events. These statistics further demonstrate the substantial performance enhancements that the XSP software continues to achieve with Microsoft technologies. This data is based on an ongoing internal study conducted at several XSP global enterprise-wide clients, including some of the world’s largest custodian banks and asset management firms.

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 multi-tenant, service-oriented architecture (SOA), utilizing Microsoft .NET components and Web Services for global enterprise-wide processing. Accredited with the SWIFTReady 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. Dan Retzer, Managing Director and Chief Technology Officer, XSP, said, “We are constantly building upon our strong tradition of providing compelling technology solutions that deliver world-record performance, high scalability and robust functionality for global Corporate Actions processing. As evidenced by these latest statistical figures, our XSP v5 global clients continue to benefit from the substantial performance gains in the system, allowing them the capability of processing the increasingly-high volume of events. Whether they are a large, globally-situated enterprise firm with multiple business lines or an asset manager embracing the modern deployment of virtualization through XSP ‘in the Cloud’, our clients can leverage the XSP v5 platform to take advantage of top-class performance and innovation regardless of the deployment option.” “Microsoft continues to work closely with XSP to help them deliver leading-edge, global Corporate Actions solutions to our mutual clients,” said Colin Kerr, Industry Solutions Manager for Payments and Core Banking, Microsoft. “These impressive performance benchmark statistics clearly validate the powerful processing capabilities of Microsoft technologies in XSP’s production-critical environments. As a Microsoft Gold Certified Partner, XSP has proven their ability to meet clients’ requirements for enterprise solutions that promote superior performance, improved reliability, high scalability and enhanced security.”

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