Model-based software for the global securities industry
Press release
Coexis wins Leader in Innovation award for brokerage securities processing with Syn
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London 1 December 2008 — Coexis, global providers of solutions for the securities industry, which is to be acquired by Australian GBST (ASX:GBT), is rounding off the most successful year in its history by winning the brokerage services category of the Financial-i Leaders in Innovation award.
The awards identify global transaction banks and financial hardware and software vendors that have excelled in terms of innovation in business solutions across wholesale transaction banking. Candidates are initially nominated by Financial-i’s team of journalists and the winners are selected by an advisory panel comprising analysts, consultants and market practitioners.
“Leaders in Innovation”, says Financial-i editor Anita Hawser, “is not about rewarding the banks and financial hardware and software vendors with the largest market share or the most revenues. Although some companies may be pioneers in their space, our awards recognise those companies that demonstrate an ongoing commitment to innovation. Coexis is a past company to watch and they won this year based on the technical architecture of their Syn platform and its configurability. It also seems that the GBST acquisition may help raise its profile.”
Sunil Shah, chief executive officer of Coexis, said: “2008 has been a hugely successful year for Coexis. Our model-based Syn solutions have gained increasing recognition from the market with wins for large multi-centre, multi-market implementations; with accolades from industry analyst Gartner and The Sunday Times Microsoft TechTrack top 100, and now from Financial-i with this Leader in Innovation award.
“The industry is facing unpredictable times. The needs for quick time to market, improved efficiency and fast reaction to change – especially in meeting new regulatory demands – all play to Syn’s strengths. As part of GBST we will have the greater critical mass to fuel and support global expansion.”
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).
About GBST http://www.gbst.com/
GBST (ASX: GBT) provides securities transaction and fund administration software for the global financial services industry. In Australia GBST is the market leader in securities transaction technology, processing approximately $130 billion of ASX trades every month, as well as funds administration and registry software for the wealth management industry. GBST which has more than doubled in size through recent acquisitions including Infocomp and Coexis and is now poised to increase its global footprint.
GBST can be contacted at www.gbst.com
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Press contact:
Salli Roskilly
Saffron Communications Limited
T: +44 (0)1763 208708
E: salli(at)saffroncoms.com
Further information from:
Sunil Shah, chief executive officer
Coexis Limited, 1 High Street, Rickmansworth, Herts WD3 1ET, UK
T: +44 (0)1923 726800
E: sunil.shah(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