Harvard Management Licenses XSP™ v5 Corporate Actions Software

December 19, 2007 (PRLEAP.COM) Business News
NEW YORK, NY. – December 19, 2007 – XSP, the leading global provider of Corporate Actions processing software, announced today that Harvard Management Company, Inc. (HMC) has licensed the XSP™ v5 Corporate Actions platform. HMC has also licensed the web-based eTRAN™ (Electronic Tracking Response and Notifications) and SWIFT ISO messaging modules for the notification and response capture of elections processing.

The XSP v5 platform is XSP’s latest state-of-the-art solution developed to automate each step in the processing of global Corporate Actions. A Microsoft Certified Partner, XSP has re-engineered its platform using advanced Microsoft technologies. The XSP v5 platform is built around a service-oriented architecture (SOA), utilizing Microsoft .NET components and Web Services for global enterprise-wide processing. Accredited with the SWIFTReady Gold 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 (STP).

Brendan P. Farrell, Jr., Chief Executive Officer, of XSP, said, “We welcome HMC to our growing global client base. HMC is one of several clients taking advantage of the XSP v5 platform. The innovative technology of the XSP v5 solution was developed to cater to the unique requirements of our clients – incorporating proven functionality with the latest industry standards and technological advances. We look forward to working with HMC on this implementation.”

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.

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