XSP can substantially reduce the risk associated with processing corporate actions through complete automation. From the capture of data, event notification, and response tracking through the processing of entitlements, XSP allows the user to manage the corporate actions process and monitor exceptions. eTRAN enables end users to receive, review and submit responses and voting instructions to corporate actions from anywhere with intranet/internet access. All elections on voluntary and optional mandatory corporate events are captured via the internet and processed real time in XSP.

Brendan P. Farrell, Jr., Managing Partner of XcitekSolutionsPlus, says, "We are thrilled to add another user to our client base and continue to see strong interest from both hedge funds and investment managers as they capitalize on the automation tools that banks and brokers have used for years. Once again, our proven track record of successful implementations and our commitment to focus solely on the corporate actions business allows us to deliver a solid and cutting-edge solution. XSP continues to get stronger and more robust as we work with our ever-growing client base to develop and refine the most licensed corporate action automation solution available to the global market place."