Coexis and its Syn~ solutions for the global securities industry were awarded a “positive” judgement by leading industry analyst Gartner in its MarketScope for Securities Processing Systems research. The report, published this week enables potential buyers and existing users to thoroughly understand the systems and vendors composing this market space. Solutions from the 12 leading vendors were evaluated.
Coexis was one of only four vendors to gain the “positive” accolade – the others, all much larger, were Sungard, Broadridge and Thomson Reuters.
Sunil Shah chief executive officer of Coexis said: “This report clearly reveals the value of our model-based, next generation technology, which contains no legacy architecture, in enabling firms to flex their transaction processing systems rapidly to handle new products and markets throughout the globe. This positive Gartner ranking is further borne out by what is happening in the marketplace. In the last 12 months many of the multi-site, multi-regional, big systems implementations have come Coexis’ way.”