Industry Veteran to Guide Xtiva’s Technology Transformation

NEW YORK – March 21, 2016 – Xtiva Financial Systems, the leading provider of enterprise compensation solutions for the financial services industry, announced today that Michael Richardson has been appointed Chief Information Officer. Mr. Richardson is based out of the firm’s Miami office and reports to Xtiva’s Chief Executive Officer, Thomas Moysak.

Mr. Richardson will provide direction, mentorship, and coaching to fellow executives and managers in all roles of the company with respect to achieving and maintaining close alignment of Xtiva Technology to Xtiva as a business and its intended Markets, Clients, Prospects and potential Partners.

“We are very excited to have Michael join our team,” said Thomas Moysak, Chief Executive Officer. “Michael has a tremendous amount of experience and will be a huge asset for us as we enter what will be a tremendous phase of growth and transformation. He is a great asset and completes our executive team in time for the next generation of the company.”

“Xtiva is facing some amazing opportunities and I am very excited to be a part of their team,” said Mr. Richardson. “I am confident we will far exceed our goals and expectations as we move forward.”

Xtiva provides the first industry-integrated approach to truly integrated compensation management, sales performance management and business policy management. Xtiva’s offering supports today’s needs for a managed solution in meeting a wide range of business, operations, finance, and technology needs. Xtiva provides clients with the tools they need to drive their businesses forward.

About Xtiva Financial Systems
Xtiva Financial Systems is a leading incentive compensation and next generation sales performance management platform focused exclusively on financial services. Over 80 customers use Xtiva’s award-winning software, services, and support to maximize their salesforce investment leading to superior business performance. Learn more at www.xtiva.com.