Best Corporate Actions Vendor: FIS Corporate Actions Solutions and Services

Fast forward to 2016 and the small shop has undergone two acquisitions and become part of a publicly traded industry giant with 55,000 employees and a presence in more than 100 countries—and is yet again voted Best Corporate Actions Vendor. Corporate actions provider XSP , part of SunGard since 2012, is now under the FIS brand following its acquisition of SunGard in 2015, and continues to make headway in the corporate actions space.

Brendan Farrell, executive vice president, FIS Corporate Actions Solutions and Services and founder of XSP , says becoming part of a large organization has created new opportunities for the business. “We’ve expanded the footprint and increased our global client base and the types of services that we offer,” he says.

Prior to its acquisition by SunGard, XSP was primarily known for building corporate actions software. Following the acquisition, the focus was redirected toward providing services in addition to technology, and the XSPrisa Software-as-a-Service (SaaS) offering was released in 2013. “XSPrisa SaaS has proved very successful for us,” says Farrell, explaining that it allows firms to utilize XSP technology, but with a pay-as-you-go model, meaning the offering can be scaled down for small companies.

The trend towards opting for alternative operating models also applies to Tier 1 institutions, and XSP can now deliver corporate actions as a managed service for large companies that don’t want in-house deployments. “The managed services option is also very popular, and when we were part of XSP large companies wouldn’t trust a small company to run their technology,” says Farrell.