Financial Services News

NexJ Systems Secures $22.5 Million in Private Financing

Fri, 23 Apr 2010 00:00:00 GMT

News Release
Media Contact: Lori Nave
416-222-5611 x289
lori.nave@nexj.com

NexJ Systems Secures $22.5 Million in Private Financing

Funds will rapidly accelerate NexJ's tremendous growth in the enterprise application market

Toronto, April 23, 2010 — NexJ Systems Inc., a leading provider of innovative customer-centered enterprise solutions for the finance, insurance, and health care industries, today announced that they have secured $ 22.5 million in private financing through a syndicate of underwriters including GMP Securities L.P., Canaccord Adams Inc, and Wellington West.

NexJ Systems has experienced a steep trajectory of growth in its core markets, with a compound annual growth rate of over 500 percent over the last three years. NexJ will use the funds to support its continued aggressive growth and expansion.

NexJ has successfully implemented its solutions for several industry-leading financial services clients. Following the merger of two of the largest advisor firms in the U.S., Wells Fargo Advisors is now live with over 20,000 users. NexJ integrated its best-of-breed CRM capabilities into their existing advisor platform. The solution is anticipated to be rolled out to the entire population of advisors and support staff across Wells Fargo Advisors' distribution channels.

Recently, NexJ signed another leading Wall St. financial services firm, with a total of 40,000 users. NexJ will be providing this firm with an integrated advisor desktop that will enable them to attract and retain advisors, increase customer loyalty, and increase assets under management. "NexJ is the global market leader in integrated, model-driven enterprise applications. These funds will enable us to continue our rapid growth in financial services and insurance and accelerate our investment in people-centered eHealth solutions," says William M. Tatham, Chairman & CEO of NexJ Systems.

About NexJ Systems Inc.

NexJ Systems ® is a leading provider of innovative customer-centered solutions for the financial services, insurance, and health industries. Targeting enterprise customers with sophisticated customization and integration requirements, NexJ Systems' enterprise platform offers powerful contact-centric solutions for financial services including an Integrated Advisor Desktop for wealth management. Founded in 2003 by former executives of Janna Systems, NexJ Systems' management team has a proven track record of success in large-scale system deployments in financial services.

For more information about NexJ Systems call 416-222-5611, e-mail info@nexj.com, or visit www.nexj.com.

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ATB Investor Services Selects NexJ Systems’ CRM Solution for their Financial Advisors

Mon, 23 Nov 2009 00:00:00 GMT

News Release
Media Contact: Lori Nave
416-222-5611 x289
lori.nave@nexj.com

NexJ® Contact for Finance will provide the customer-centric relationship management functionality for the new integrated advisor desktop

Toronto, November 23, 2009 — NexJ Systems Inc., a leading provider of innovative, customer-centric enterprise solutions for the financial services and insurance industries, today announced that ATB Investor Services has selected NexJ Contact for Finance as the customer relationship management (CRM) solution for its investment and wealth management business practices. ATB Investor Services is the operating tradename for the investment services subsidiaries of ATB Financial, the largest Alberta-based financial institution with assets of $27.2 billion.

ATB Investor Services selected NexJ Contact for Finance because it provides a consolidated, customer-centric view of all customer profile and financial data. NexJ Contact for Finance seamlessly integrates best-of-breed CRM functionality such as customer profiling, householding, relationship and referral management, schedule and task management, and reporting and analytics, with existing back office portfolio management, trade order management, and marketing systems. After an in-depth evaluation of other products in the market, ATB Investor Services chose NexJ Contact for Finance because it met its requirements for a CRM solution that was designed specifically as an integrated advisor desktop for financial advisors. NexJ Contact for Finance will provide:

Consolidated view of customer data across all users and departments to ensure a consistent customer experience
Automation of core business processes to improve advisor productivity
Referral management to quickly identify and respond to prospective customers
Reporting and analytics to identify new products for cross sell and upsell opportunities
Mobile access via NexJ Contact for BlackBerry® to view customer profile and financial information on the go

“NexJ Systems understands what we need from a wealth management platform. NexJ Contact for Finance will combine our key customer information with our financial account and portfolio management data, so ATB Investor Services financial advisors can quickly identify the products and services that will help our customers meet their wealth management goals,” says Sheldon Dyck, President, ATB Investor Services.

“We’re delighted that ATB Investor Services has selected NexJ Systems Inc. as its strategic provider of the enterprise CRM solution for their financial advisors,” says William M. Tatham, Chairman and CEO of NexJ Systems. “The NexJ Contact for Finance integrated advisor desktop solution presents advisors with a comprehensive view of their customers’ profile, assets and service level requirements to help them grow assets under management.”

About ATB Financial

ATB Financial is the largest Alberta-based financial institution, with assets of $27.2 billion. It provides Personal and Business Financial Services, Investor Services, and Corporate Financial Services to more than 690,000 Albertans in 243 communities. It provides service through 165 branches and 133 agencies, telephone and Internet banking, a Customer Contact Centre, and Automated Banking Machines. ATB Financial was established in 1938 and has been a provincial Crown corporation since 1997. Alberta Venture magazine named ATB Alberta’s Most Respected Corporation in the area of corporate social responsibility. ATB has also been named one of Canada’s 50 Best Employers by Report on Business Magazine, one of the 75 Best Workplaces in Canada by the Great Place to Work Institute, and one of Canada’s Top 100 Employers and Alberta’s Top 50 Employers by Mediacorp Canada Inc. For more information about ATB visit www.atb.com.

About NexJ Systems Inc.NexJ Systems Inc. is a leading provider of innovative customer-centric enterprise solutions for the financial services and insurance industries. Targeting enterprise customers with sophisticated customization, integration and scalability requirements, NexJ Systems’ enterprise platform offers powerful customer-centric solutions for financial services including an integrated advisor desktop for wealth management. Founded in 2003 by former executives of Janna Systems, NexJ Systems’ management team has a proven track record of success with a 10th generation enterprise CRM architecture that can support large-scale system deployments for financial services. For more information about NexJ Systems and NexJ® Contact for Finance, call 416-222-5611, e-mail info@nexj.com or visit www.nexj.com.

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Wells Fargo Advisors Goes Live for over 20,000 Users with NexJ Systems’ innovative CRM Solution

Mon, 05 Oct 2009 00:00:00 GMT

News Release
Media Contact: Lori Nave
416-222-5611 x289
lori.nave@nexj.com

NexJ® Contact for Finance delivers integrated CRM functionality within Wells Fargo Advisors’ existing advisor platform

Toronto, October 5, 2009 — NexJ Systems Inc., a leading provider of customer-centric enterprise solutions for the financial services and insurance industries, today announced that Wells Fargo Advisors (formerly Wachovia Securities), a non-bank affiliate of Wells Fargo & Company, has gone live with NexJ Contact for Finance, serving over 20,000 users.

NexJ Systems integrated its best-of-breed CRM capabilities, including client profiling, interaction history, and task and schedule management into Wells Fargo’s existing advisor platform.

The solution is now live with over 20,000 users and is anticipated to be rolled out to the entire population of advisors and support staff across Wells Fargo Advisors’ distribution channels.

“NexJ worked with us as a strategic partner, to provide the best possible solution in the shortest possible time” says Joe Nadreau, Director, Strategic Solutions Group, Wells Fargo Advisors.

“We look forward to working with Wells Fargo Advisors to continue to evolve the platform” said William M. Tatham, Chairman and CEO of NexJ Systems. “This initial deployment clearly illustrates how large-scale, industry-leading clients like Wells Fargo can leverage NexJ’s best of breed CRM functionality and sophisticated integration technologies to deliver on their strategic vision. This project is a tremendous validation of our people, next-generation technology, and solution delivery capabilities” he added.

About NexJ Systems Inc.

NexJ Systems Inc. is a leading provider of innovative customer-centric enterprise solutions for financial services and insurance industries. Targeting enterprise customers with sophisticated customization, integration and scalability requirements, NexJ Systems’ enterprise platform offers powerful customer-centric solutions for financial services including an integrated advisor desktop for wealth management. Founded in 2003 by former executives of Janna Systems, NexJ Systems’ management team has a proven track record of success with a 10th generation enterprise CRM architecture that can support large-scale system deployments for financial services.

For more information about NexJ Systems and NexJ® Contact for Finance, call 416-222-5611, e-mail info@nexj.com or visit www.nexj.com.

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NexJ Systems Demonstrates Sub-Second Response Time and Superior Scalability for CRM

Fri, 18 Sep 2009 00:00:00 GMT

News Release
Media Contact: Lori Nave
416-222-5611 x289
lori.nave@nexj.com

NexJ Contact for Finance delivers impressive statistics when processing workload of over 65,000 concurrent users in IBM performance lab

Toronto (September 18, 2009) — NexJ Systems Inc, a leading provider of customer-centric enterprise solutions for the financial services and insurance industries, today announced that the company has completed benchmark testing in the IBM lab, demonstrating extraordinary performance when subjected to the workload of over 65,000 concurrent online users.

The test results showed that NexJ Contact maintained sub-second response times while processing over 85,000 business transactions per hour, and maintained responsiveness up to a throughput of 250,000 transactions per hour. The benchmark testing was modeled on the most common business transactions and workflows for Financial Advisors.

The NexJ customer that sponsored this test was looking for a CRM solution that could meet their existing user demands and scale effectively to meet their projected demands for peak use and future company growth. NexJ Contact supported over twice the customer’s anticipated data/user volumes. The customer’s projected user demand is typical of the demands placed on the ‘next generation’ of CRM solutions by large financial services companies.

“These test results demonstrate NexJ Contact’s superior scalability, which is essential for large enterprise customers who want to lower their operational costs without lowering their level of customer service” said William M. Tatham, Chairman and CEO, NexJ Systems. “NexJ Contact’s unprecedented, high level of performance confirms why large financial services companies choose NexJ Contact for Finance to meet their needs today and in the future.”

The tests were conducted on 4 Dell R900 Quad processor Quad core servers running Suse Enterprise Server 10 SP 1 with 32 GB RAM, 8 Web servers, and an Oracle RAC 10g database with 50,000,000 entities (contacts and households) and over 150,000,000 activities.

About NexJ Systems Inc.

NexJ Systems Inc is a provider of innovative customer-centric enterprise solutions for financial services and insurance industries. Targeting enterprise customers with sophisticated customization, integration and scalability requirements, NexJ Systems’ enterprise platform offers powerful customer-centric solutions for financial services including an integrated advisor desktop for wealth management. Founded in 2003 by former executives of Janna Systems, NexJ Systems’ management team has a proven track record of success with a 10th generation enterprise CRM architecture that can support large-scale system deployments for financial services.

For more information about NexJ Systems and NexJ Contact for Finance, call 416-222-5611, e-mail info@nexj.com or visit www.nexj.com.

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NexJ Systems Named “Cool Vendor” by Leading Analyst Firm

Mon, 09 Mar 2009 00:00:00 GMT

News Release
Media Contact: Lori Nave
416-222-5611 x289
lori.nave@nexj.com

NexJ Systems Named “Cool Vendor” by Leading Analyst Firm -Vendors selected for the “Cool Vendor” report are innovative, impactful and intriguing

Toronto March 9, 2009 —NexJ Systems Inc. has been included in the list of "Cool Vendors" in the “Cool Vendors in Customer Service Strategies, 2009, by Michael Maoz and Johan Jacobs, March 3, 2009” report by Gartner, Inc.

NexJ Systems was listed in the Gartner Report focused on vendors who “promise innovative customer-centric processes” and stated that customer service is critical “at all points in the economy, but especially when there is a need to lower operational cost without undercutting the level of service.”

NexJ Systems is a provider of innovative, scalable, next-generation CRM solutions for the financial services industry and targets industry-leading enterprise customers with sophisticated customization, integration, and scalability requirements.

Business executives in asset and wealth management and insurance agencies who are looking for a flexible way to interact with clients while managing the flow of information from multiple exiting systems should consider NexJ.

"We are proud that Gartner included NexJ Systems in the Cool Vendor report. NexJ provides our industry-leading customers with solutions that uniquely enable rapid customization, easy integration with existing systems, and massive scalability, “said William M. Tatham, CEO of NexJ Systems. "NexJ Systems will continue to innovate and lead in the enterprise CRM for Financial Services market. We strive to deliver the kind of industry-transforming features that our clients want."

About Gartner's Cool Vendors Selection Process

Gartner's listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose. Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn't do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner's interest or curiosity in approximately the past six months.

About NexJ Systems Inc.

NexJ Systems Inc. is a provider of innovative, scalable, next-generation CRM solutions for the financial services industry. Targeting enterprise customers with sophisticated customization, integration, and scalability requirements, NexJ Systems’ enterprise platform offers powerful contact-centric solutions for financial services including an Integrated Advisor Desktop for wealth management. Founded in 2003 by former executives of Janna Systems, NexJ Systems’ management team has a proven track record of success with a 10th generation enterprise CRM architecture that can support large-scale system deployments for financial services.

For more information about NexJ Systems and NexJ® Contact, call 416-222-5611, e-mail info@nexj.com or visit www.nexj.com.

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