Australia-based financial services software company CXi Software (“CXi”) has confirmed it has successfully migrated its second client in as many months, onto its cloud-based Unit Registry system – CXi-Registry™.
Commenting on the successful migration of its second client CXi Managing Director, Mr Seamus Ó Concheanainn, said,
“We’re delighted to welcome our second client, a significant Melbourne-based property firm managing some $2 billion in assets”.
“This client is synonymous with professional property investing and is a terrific partner for CXi.”
The CXi-Registry™ platform delivers a cloud-based registry and administration solutions for fund managers, custodians, administrators and private wealth firms. The company has indicated that early feedback from early adopters suggests the platform’s high-end capabilities that innovative fund managers require are exceeding market expectations.
“Our digital platform is the first purpose-built unit registry system developed in Australia for some time and we are experiencing huge interest from fund managers and administrators from every state in Australia,” said Ó Concheanainn.
“Working with a property fund manager of the size and calibre of our new client has been a terrific opportunity for us to prove the native property fund administration capabilities that managers otherwise have difficulty sourcing,” said Stephen Williams, Head of Product and Sales at CXi.
“We are in the process of rolling CXiRegistry™ out with a number of other property fund managers and enquiries are flooding in. Demand is being driven by clients moving away from internally-developed solutions – as well as managers and administrators seeking a modern, effective solution for registry management and investor engagement”, Mr Williams concluded.