Review of eighteen criteria reveals that NexJ is best-in-class for large firms looking for prebuilt wealth management capabilities

Toronto, June 13, 2011 — NexJ Systems Inc., (TSX: NXJ), a leading provider of enterprise private cloud software, delivering customer relationship management (CRM) solutions to the financial services, insurance and healthcare industries, today announced that Aite Group, an independent research and advisory firm focused on business, technology, and regulatory issues and their impact on the financial services industry, has evaluated NexJ and concluded it is the best-in-class CRM solution for large wealth management firms looking for prebuilt wealth management capabilities.

The Aite Group report, “CRM for Wealth Management: Approaching Total Practice Management”, available for download, evaluated seven of the most important CRM vendors against 18 criteria.

“Large firms looking for prebuilt wealth management capabilities should consider NexJ,” said Sophie Schmitt, senior analyst, Aite Group. “The firm has built considerable experience implementing CRM solutions at very large wealth management firms, and understands their data-integration challenges.”

NexJ was recognized for its wealth management domain expertise, ability to integrate to external and proprietary systems as well as its comprehensive functionality.

CRM functionality that differentiated NexJ from the competition included the ability to:

  • model and analyze relationships across the household
  • cross-sell based on a queries across profile, interaction and transaction systems
  • automate the new account opening process to enable faster and more efficient client onboarding

“Aite’s Group’s extensive research of the leading CRM vendors has resulted in an exemplary comparative report and NexJ is pleased to have been recognized as the best-in-class vendor,” said Jason McDermott, Vice President, Finance Solutions, NexJ Systems Inc. “Financial services, and specifically wealth management, is an area where NexJ enjoys significant differentiation and we are extending our leadership position as we introduce new solutions to the market.”

Aite and NexJ will be discussing the benefits of CRM for Wealth Management on Tuesday, June 14th at 3:00 at the SIFMA conference in New York.

About Aite Group

Aite Group is an independent research and advisory firm focused on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, securities & investments, and insurance, Aite Group’s analysts deliver comprehensive, actionable advice to key market participants in financial services. Headquartered in Boston with a presence in Chicago, New York, San Francisco, London, and Milan, Aite Group works with its clients as a partner, advisor, and catalyst, challenging their basic assumptions and ensuring they remain at the forefront of industry trends.

About NexJ Systems Inc.

NexJ is a leading provider of enterprise private cloud software, delivering customer relationship management (CRM) solutions for financial services, insurance, and healthcare.  Our next-generation, people-centered software combines industry-specific functionality with information from multiple applications and data stores to provide comprehensive knowledge of the individual.
NexJ was founded by an executive management team with extensive experience in the successful design and delivery of large-scale, integrated, enterprise software solutions.  For more information about NexJ Systems call 416-222-5611, e-mail info@nexj.com, or visit www.nexj.com.