Model-based software for the global securities industry
Press release
No-one rated more highly than Coexis in Gartner review of securities processing vendors
London 25 September 2008 — Coexis and its Syn
solutions for the global securities industry were awarded a “positive” judgement by leading industry analyst Gartner in its MarketScope for Securities Processing Systems research. The report1, published this week enables potential buyers and existing users to thoroughly understand the systems and vendors composing this market space. Solutions from the 12 leading vendors were evaluated.
Coexis was one of only four vendors to gain the “positive” accolade – the others, all much larger, were Sungard, Broadridge and Thomson Reuters.
Sunil Shah chief executive officer of Coexis said: “This report clearly reveals the value of our model-based, next generation technology, which contains no legacy architecture, in enabling firms to flex their transaction processing systems rapidly to handle new products and markets throughout the globe. This positive Gartner ranking is further borne out by what is happening in the marketplace. In the last 12 months many of the multi-site, multi-regional, big systems implementations have come Coexis’ way.”
About Syn~ and Coexis www.syn.com
Coexis, the creator of Syn®, provides next generation software technology and applications which meet the dynamic business needs of the global securities industry. Syn is built using current state-of-the-art technology and engineered specifically to solve the market need to process exceptionally high volumes. With their unique model-based and application lifecycle approach, Syn solutions allow organisations to re-engineer and automate business processes and provide the perfect alternative to high cost bespoke solutions or rigid off-the-shelf packages. They cover middle and back office securities processing, enterprise-wide reference data management, multi-exchange and multi-CSD (Central Securities Depository).
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Press contact: Salli Roskilly Saffron Communications Limited T: +44 (0)1763 208708
E: salli(at)saffroncoms.com
Further information from:
Donal O’Brien, business development director.
Coexis Limited 1 High Street Rickmansworth Herts WD3 1ET UK
T: +44 (0)1923 726800 E: donal.obrien(at)coexis.com
Roy Staines, managing director US operations
Coexis Inc 75 Broad Street New York NY 10004 USA T: +1 646 649 9380 E: roy.staines(at)coexis.com
1Gartner Industry Research ID G00160652 23 September 2008
MarketScope for Securities Processing Systems by James Wolstenholme