Cantor is leveraging a more agile environment by licensing the new XSPrisa software as a service (SaaS) solution. The client currently utilizes XSP's state-of-the-art, flagship software deployed in London.

XSPrisa reduces the operational overhead and capital expenditure required for large-scale, enterprise software. With the pay-as-you-go, subscription-based model, firms experience higher levels of productivity and efficiency at a cost that fits the way they operate. The XSPrisa solution is a business-enabler that provides clients with a technology solution to a complex business problem. Users are able to address the complexities of the Corporate Actions management process while speeding up return on investment and reducing many of the hurdles normally associated with the acquisition and management of enterprise software.

Thomas Anzalone, Senior Managing Director, Director of Global Operations of Cantor Fitzgerald & Co. said, "We selected the XSPrisa product based on its flexible and scalable nature. In this Cloud environment, we can easily ramp up and down as our business demands and requirements evolve. We needed a solution that was flexible enough to accommodate our global presence, specifically in North America, Europe and Asia. In addition to the rapid implementation of the XSPrisa product, our decision was also driven by our longstanding relationship with XSP's knowledgeable team of Corporate Actions experts and their world-class client services."

Brendan P. Farrell, Jr., Chief Executive Officer of XSP, commented, "Cantor is a valued global client and we are pleased to have the capabilities they require to meet the demands of their global business. XSPrisa is the ideal solution for Cantor as they can be up and running in a matter of hours. By moving onto a SaaS platform, they continue to reap the benefits of our flagship XSP v5 solution to achieve greater levels of straight-through processing while removing the IT constraints of managing hardware and software. With XSPrisa, Cantor maintains the freedom to expand globally as their operations grow."