Former Corero Technical Architect and Principal Technical Consultant Stephen MacHardie Joins XSP in Europe

LONDON, UK, 7 November 2007 – XSP, the leading global provider of Corporate Actions software, announced today that Stephen MacHardie has joined the company as a Senior Analyst. His responsibilities include technical and business requirements gathering, product management, account relationship management and involvement with market-driven initiatives. MacHardie is also responsible for providing sales support for the company’s growing global client base using the XSP™ Corporate Actions software solution.

Prior to XSP, MacHardie worked for Corero, formerly Mondas, where he joined as Development Manager before taking on the role as Technical Architect and Principal Technical Consultant. At SOCX Ltd, MacHardie was a developer whilst managing the Production Support Group. He also worked at Credit Lyonnais Rouse Ltd as an analyst/programmer.

"We are delighted to welcome Steve to XSP," said Frank Piraino, Managing Director of Global Operations and Client Services at XSP. "His appointment is well aligned with our corporate strategy of recruiting high-calibre professionals with a proven track record of delivering results. In addition to his client-facing role, Steve will be a key contributor to our product management goals, given his technical expertise and business knowledge of Global Corporate Actions.”

“Steve’s appointment further strengthens our already well-established team in London,” said Neil Sheppard, Managing Director and Chief Operating Officer of XSP Europe. “He brings a wealth of credentials and experience in Corporate Actions software technology that will support our ambitions to further service global financial institutions in streamlining their operations. We look forward to the benefits Steve will bring to our growing organisation and global client base."



About XSP
XSP is the leading provider of Corporate Actions automation software for the global financial services industry. Accredited with the SWIFTReady Gold Corporate Actions Label, the XSP platform is SWIFT 15022 compliant and proven to mitigate the operational risks and costs associated with Corporate Actions processing. This leading-edge solution features an extensive workflow module and robust data management tools. XSP’s web-based eTRAN and ISO messaging modules automate the client notification and response capture and reconciliation of elections on complex Corporate Actions events. The XSP Entitlement Management module completes the Corporate Actions processing lifecycle for true end-to-end STP. With over 60 global clients, the XSP software is the most widely-implemented Corporate Actions solution in the world.

XSP is a Microsoft Certified Partner and has achieved a Microsoft Competency in ISV/Software Solutions.

For more information, please visit us at www.xsp.com.