XcitekSolutionsPlus and Odyssey Asset Management Systems have formed a strategic alliance to offer automated corporate actions processing solutions to users of Odyssey’s Triple’A Portfolio Management and Nexus Data Warehouse solutions.
“Partnering with a market leader like Odyssey is a great endorsement for XcitekSolutionsPlus,” says Brendan P. Farrell, Jr., Managing Partner of XcitekSolutionsPlus. “It demonstrates our continued commitment to align with world-class vendor partners to offer integrated solutions that promote greater straight-through processing (STP). With the record-breaking number of XSP licences that we have contracted this year already, Odyssey’s dominating position in Europe will help us to further penetrate this market.”
Antoine Duchateau, CEO and Founder of Odyssey Asset Management Systems, describes corporate actions technology as an area of great demand and importance amongst the investment management community. “With XcitekSolutionsPlus as our strategic partner, we can leverage the combined strengths of XSP and the Triple’A and Nexus products to existing and new clients for a complete solution that meets their evolving requirements,” he says. “XcitekSolutionsPlus’ expertise and market-leading position in the corporate actions space were key factors in our decision to form this partnership.”