News
Multimillion-dollar deal earns EISI front page attention: Winnipeg Free Press, Business section
Winnipeg Free Press, Business section
Saturday, September 20, 2003
EISI's deal with New Jersey-based Pershing LLC to integrate NaviPlan with Pershing's NetExchange Pro account-management and trading platform is helping EISI become the dominant financial planning software provider in the mid-sized U.S. market.
Says Dr. Mark Evans, President and CEO of EISI: "This deal is a good strategic move for us because it allows us to leverage into the independent market in the U.S., which has several hundred thousand users at broker-dealer firms.
"It's another one of our steps in continuing to increase our dominance in the North American market."
Pershing, the subsidiary of The Bank of New York that provides clearing and financial services outsourcing solutions, services 1,100 broker-dealers in the U.S. and has 55,000 investment professionals using NetExchange Pro.
The integration work between NetExchange Pro and NaviPlan financial planning software will be complete by the end of the year.
Marc Butler, director of customer technology at Pershing, says that the decision to work with EISI came after six months of evaluating the top financial planning software vendors across North America. "...We feel they're on top of their market. They should always come up as a top-three provider in any discussion of financial planning tools," says Butler of EISI and NaviPlan.
