New York, NY, October 23, 2006 – Xcitek®, the leading global provider of market data, Corporate Actions software and consulting services, announced today that Ben Mastropieri has joined the company as Sales Executive for its flagship software solution, XSP™. Mastropieri will be responsible for expanding the client base in North America while managing global accounts.
Based in New York, Mastropieri will report to Brendan P. Farrell, Jr., Chief Executive Officer, XSP, at Xcitek.
Mastropieri brings over 10 years of experience in business development and sales within the financial services industry with a heavy focus on new business and account relationship management. Prior to joining Xcitek, Mastropieri was a Strategic Alliance Manager at Reuters America servicing the Trust, Brokerage and Equity & Fixed Income market segments. He has also worked at Interactive Data where he held both individual contributor and management roles including Senior Account Manager and Senior Business Development Manager. Mastropieri was responsible for identifying, planning and executing sales and marketing strategies with channels and the direct sales organizations to maximize revenue generation.
“Xcitek is committed to growing the XSP software business through continued investment in global functionality, cutting edge technology and talented people,” said Farrell. “Ben’s appointment reflects this commitment and his experience in both business development and sales makes him the ideal fit for our growing organization."
Frank Piraino, Senior Vice President of XSP at Xcitek, said, “We continue to strengthen our organization by recruiting high-caliber professionals to provide unparalleled service that corresponds with the excellence of our solutions. Ben’s extensive experience and valued skill sets will help us to expand our global client base and manage new accounts. In addition to direct sales, we can leverage his business development background to further enhance XSP’s Channels and Alliance program. We are pleased to welcome Ben to the XSP sales team and look forward to his contributions.”
About Xcitek
Founded in 1986, Xcitek is the global leader in Corporate Actions software, market data and consulting services to the financial community.
Xcitek’s market data offerings include Corporate Actions, Cost Basis, Securities Class Actions, Securities Payments and other financial data, serving over 2,000 clients worldwide. Ranked #1 for ten consecutive years by The Summit Group, Xcitek has led all other providers in its chosen specialized categories such as data accuracy, data timeliness, coverage, and delivery reliability. User-friendly, flexible, and affordable, Xcitek’s web-based solutions deliver time-sensitive and critical information straight to the desktop.
Accredited with the SWIFTReady Corporate Actions Label, XSP is ISO15022 compliant and features an extensive workflow module, robust data scrubbing tools, web and ISO messaging for client notification and response capture (eTRAN™), and complete entitlement processing to manage the entire Corporate Actions lifecycle - thereby reducing risk and maximizing operational efficiency. With over 50 licensed clients, XSP is the most widely-implemented Corporate Actions system in the world.
Xcitek’s consulting and staffing group provides financial institutions with highly-skilled professionals for temporary and permanent placement in operations, outsourcing, project management, and systems conversion. With its comprehensive database of experienced professionals, Xcitek carefully screens candidates to match clients with the appropriate personnel to assist them in successfully reaching their goals.
Additional information about Xcitek can be found at www.xcitek.com.
