Xtiva Wins Two Major Insurance Company Mandates
Xtiva Financial Systems has announced long-term mandates from two of America’s largest insurance companies. These mandates significantly extend Xtiva footprint in this market.
New York, NY – January 25, 2017 – Xtiva’s investment in Xtiva Cloud Platform, new Product Roadmap and targeted support for the DOL Rule have won strong endorsement in the market.
“We are thrilled and even more optimistic about the future based on the solid feedback from the market in 2016” stated Xtiva CEO, Tom Moysak. “We have made some big investments and some big, albeit calculated, bets on how best to support the financial services industry going forward. We are seeing those bets begin to pay off.”
To its roster of clients, Xtiva added a large regional broker-dealer, as well as several well-known wealth management firms. Beyond the wealth management industry, Xtiva’s 2016 successes included significant growth into the global insurance sector and the credit union market. These new customers represent well over 20,000 new users to Xtiva’s products.
“We were firing on all cylinders last year with robust double-digit growth and this momentum is carrying us into 2017,” said Rick Scearbo, Xtiva Chief Operating Officer. “Xtiva is transitioning from software for managing advisor compensation to a more sophisticated and strategic toolset that financial businesses can use to drive growth, manage compliance and achieve their sales performance objectives.”
Xtiva’s new, full-stack Sales Performance Management product suite will continue being rolled out in 2017.
Xtiva Financial Systems provides a suite of innovative sales performance management tools and services exclusively for financial services via the Xtiva Cloud platform. Over 80 enterprise broker-dealer, RIAs, custodians and insurance firms use Xtiva’s award-winning software, services, and support to maximize their salesforce investments and business performance. Xtiva’s customer obsessed team is dedicated to ensuring its customers and their partners achieve more everyday.
Rick Scearbo, COO
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