Based out of the company's New York office, Madigan will report to John Kehoe, Director of Business Development and Account Relationship Management.

Prior to joining XSP, Madigan represented Fidelity ActionsXchange, a global Corporate Actions data assimilator whose interface is one of many supported by the XSP product. At Fidelity, he held the role of Vice President with responsibility for Global Sales, Marketing and Client Management. In addition to developing and increasing brand awareness across the global financial community, he was also responsible for managing strategic alliances and partnerships. Prior to Fidelity, Madigan worked at Investors Bank & Trust as Senior Sales and Client Executive/Head of Consultant Relations, where he was responsible for new business development and retention for Master Trust and Custody units. He also worked at State Street Global Advisors/State Street Bank in a variety of roles including Client Service Officer, Sales Associate/Marketing Analyst and Portfolio Accountant/Fund Accountant.

"Chris is an extremely well-known and most esteemed professional in the Corporate Actions space," commented Kehoe. "In addition to his reputation and enterprise-level client relationships, his expertise in global Corporate Actions processing along with his knowledge of the XSP product makes him a strong asset to our organization and our clients. As a result of our substantial investments in the XSP v5 platform, we are now in a position to offer many new flavors of our offering from XSP 'in the Cloud' to large scale, multi-tenant enterprise deployments of the XSP platform and a multitude of combinations in between. Today more than ever, our clients require a specialized consultative approach to assist them in making the appropriate choices for their business needs. Having a professional of Chris' caliber and talent join our team provides our growing client base with this exact level of expertise to help them manage thisis complex process. We are fortunate to have Chris join our organization and look forward to leveraging his industry experience, relationships and ideas."

Madigan said, "I am very excited to join a company that promotes such an outstanding entrepreneurial environment with the ability to interact with all levels of the organization. As a former business partner of XSP, I have first-hand experience working with this driven team of professionals who take great pride in delivering excellence. XSP has developed a truly powerful and state-of-the-art solution in the XSP v5 platform. From a product perspective, it is quite impressive to see the continuous dynamic innovations developed in this product - notably the superior performance enhancements and global enterprise-wide processing capabilities. I am really pleased to have the opportunity to become a member of this world-class organization at such an exciting time. I look forward to using my broad Industry experience - and my Corporate Actions and 'buy-side' backgrounds especially - to contribute to the company's future growth and efforts to further revolutionize this niche space."

Madigan holds an MBA from Suffolk University with a Concentration in Finance/Marketing and a BS from St. Anselm College. He is a frequent speaker at leading industry conferences and served as a member of the Securities Industry and Financial Markets Association (SIFMA) Advisory Board for five years.