Birmingham, AL - November 9, 2009 - XSP, the leading global provider of Corporate Actions software, announced today that it has added staff to its Client Support and Technology teams, in response to the growing demand for proven Corporate Actions automation solutions in the global marketplace. Based out of its Birmingham, AL headquarters, the new team members include Taylor Garner, Ryan Plumlee and Paul Warner. In addition to servicing its expanding client base, the new hires will also be responsible for providing support to XSP's SWIFT ISO clients in preparation for the Standards Release 2010 (SR2010) changes mandated by SWIFT.

Brendan P. Farrell, Jr., Chief Executive Officer at XSP, stated, "XSP is committed to building a world-class organization that combines the strengths of our dedicated employees with a focus on consistent growth and innovation. The addition of Taylor, Ryan and Paul provides a fresh perspective to our products and services offerings, as we further enhance the XSP^TM v5 platform to comply with the industry's standard market practices, while offering our diverse clients a variety of deployment options to meet their unique requirements. We welcome our latest staff members to XSP and look forward to continue building upon our growth with talented and high-caliber professionals."

Taylor Garner and Ryan Plumlee join as Client Support Analysts, reporting to Jon Montgomery, Senior Director, Professional Services at XSP. Before joining XSP, Garner held roles that involved heavy client interaction at organizations including Capstone Building, Auburn Alumni Association, and Martin Orthopedics and Sports Medicine. She holds a Bachelor of Science degree in Biomedical Sciences from Auburn University in Auburn, AL and is currently completing her Master of Business Administration with a concentration in General Management from Troy University in Troy, AL.

Prior to joining XSP, Plumlee was an Inside Sales Representative at United Rentals and also worked in management roles at Stock Building Supply in its Kentucky and Indiana locations. Plumlee holds a Bachelor of Science in Business Administration from Auburn University.

"These appointments demonstrate the increasing demand in the markets for organizations to automate their Corporate Actions operations," said Montgomery. "There is a tremendous level of interest for global financial institutions to implement a successful solution for this highly-complex and critical operation. In response to the upcoming SWIFT SR2010 changes, we are expanding our resources well in advance to provide our clients with the additional support required to ensure a smooth transition into production for the pending November 2010 live date."

Paul Warner joins XSP as System Engineer, reporting to Bryan Boatright, Director of IT. Warner previously worked for Bodnar Group Consulting, LLC as a Support Technician, Installer and Network Administrator. Prior to this, he served as an Electronics and Environmental Systems Specialist/Staff Sergeant for the United States Air Force. Warner holds a Bachelor of Science degree in Management Information Systems from Park University in Parkville, MO.

Dan Retzer, Managing Director and Chief Technology Officer, at XSP, commented, "The fact that we are expanding our staff is a testament to the success of the XSP v5 product. This new group of enthusiastic and talented people joining our already-dynamic team of professionals allows us to continue delivering the breadth of Corporate Actions automation solutions, whether it is a local deployment or as an XSP ‘in the Cloud' offering."

About XSP
XSP is the leading provider of Corporate Actions automation software for the global financial services industry. Accredited with the SWIFTReady Corporate Actions Label, the XSP platform is SWIFT 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 straight-through processing. With over 60 global clients, the XSP software is the most widely-implemented Corporate Actions solution in the world.

XSP is a Microsoft Gold Certified Partner and has achieved Microsoft Competencies in ISV/Software Solutions and Security Solutions. The Company has also been awarded Inside Reference Data's 2009 ‘Best Reference Data Initiative' award for Corporate Actions in a live client implementation, ranked in first place as the Top Software Vendor in Waters Ranking 2009 for ‘Best Corporate Actions Solution'; and achieved Microsoft Front Runner status for Windows 7 and Windows Server 2008 R2, demonstrating XSP's ability to support clients on the latest Microsoft technologies. For more information, please visit us at http://www.xsp.com/.

Further Information

XSP
Wendy Chan
Director
Tel: 646-300-6803
Fax: 646-328-0202
Email: wchan@xsp.com

Further information (external website)