XSP Named Microsoft Certified Partner

NEW YORK, NY. – September 29, 2007 – XSP, the leading global provider of Corporate Actions software, announced today that it has been named a Microsoft Certified Partner in the Microsoft Partner Program with a competency in ISV/Software Solutions. XSP has demonstrated its expertise with Microsoft technologies and proven its ability to meet clients’ needs for enterprise solutions that balance performance, reliability, scalability, security and cost. This certification shows the depth and flexibility of XSP as a solutions provider and the continuing ambitions to deliver the highest quality software and services through a close working relationship approach that encompasses the entire IT service cycle - planning, implementation, maintenance, measurement and review.

The XSP v5 platform is XSP’s latest state-of-the-art solution developed to automate each step in the processing of corporate actions. From data management to notification and response capture to entitlement management, global financial institutions gain immediate return on investment (ROI) with its flexible, modular approach and rules-based workflow engine. Re-engineered using advanced Microsoft technologies, the XSP v5 platform is built around a service-oriented architecture, utilizing Microsoft .NET Framework 2.0 components and Web services for global enterprise-wide processing. A SWIFTReady-labelled application, 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 (STP).

“XSP is honored to be named a Microsoft Certified Partner,” said Brendan P. Farrell, Jr., Chief Executive Officer, of XSP. “Not only have we achieved the Certified Partner level, but we are also working closely with Microsoft’s Worldwide Financial Services Group to bring solutions to market. We have established a strong reputation for delivering a proven Corporate Actions solution supported by world-class client services through our Professional Services program. Our alliance with Microsoft provides us with access to state-of-the-art technologies and resources to enhance our offerings, allowing us to deliver even more value and benefits to our clients. Achieving Microsoft Certified Partner status further validates the benefits of our continuous investment in our technology solutions and our ongoing commitment to excellence.”

“Clients turn to solution providers who can act as expert advisors for their long-term strategic technology goals,” said Craig Saint-Amour, U.S. capital markets industry solutions director for Microsoft Corp. “The designation of Microsoft Certified Partner is provided to companies that demonstrate superior client services, have proven expertise and have attained advanced Microsoft certification for their technologies. Microsoft recognizes XSP for its skills and expertise in providing technological solutions, built upon the familiar, easy-to-use and widely supported Microsoft platform that are vertically relevant for financial services customers.”

Dan Retzer, Managing Director and Chief Technology Officer at XSP, said, “Our goal at XSP is to develop and deliver the most functionally-rich Corporate Actions system that fully leverages and capitalizes on the most innovative technology. Our working relationship with Microsoft provides us with unmatched technological advantages and capabilities. This distinction of Microsoft Certified Partner status is further proof of XSP’s leadership in delivering quality solutions that meet the high expectations of Corporate Actions and technology professionals.”

XSP achieved Microsoft Certified Partner status as an Independent Software Vendor (ISV), attaining the ISV/Software Solutions Competency with the XSP v5 platform for Corporate Actions automation. The XSP v5 solution passed independent, third-party laboratory tests for conformance with Microsoft’s highest standards for Windows Server tests, as well as .NET Framework and Web services tests.

The Microsoft Partner Program was launched in December 2003 and represents Microsoft’s ongoing commitment to the success of partners worldwide. The program offers a single, integrated partnering framework that recognizes partner expertise, rewards the total impact that partners have in the technology marketplace and delivers more value to help partners’ businesses be successful.

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 ISO 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 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.

All product and company names herein may be trademarks of their respective owners.