Kenamea - The Leader In Enterprise Notification Systems
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NEW YORK and SAN FRANCISCO – November 29, 2006 -– Scivantage, the premier provider of web-based, front- and middle-office brokerage products, today announced that it has acquired Kenamea, the leading provider of notification management products to the brokerage industry. Scivantage will leverage Kenamea’s complementary products, services, and technical resources to maintain and grow its dominant leadership position in the marketplace. The multi-million dollar transaction encompasses Kenamea sales, development, support, and management personnel.
Kenamea’s flagship product for advanced notification and alerts management, the Enterprise Notification System (ENS), will become a key product line of Scivantage’s offerings, as both a standalone product and integrated with Scivantage’s Investor and Professional brokerage products.
The acquisition significantly benefits the companies’ existing customers through expanded industry expertise, professional & hosting services, enhanced customer service, and additional resources. Scivantage is fully committed to the continued support and development of the Kenamea technology and will maintain Kenamea’s West Coast presence.
"We are extremely excited to expand our offerings and provide our clients with cutting-edge alerting and messaging functionality," said Adnane Charchour, President and CEO of Scivantage. “Kenamea’s best-of-breed solution meets a critical and growing need in the marketplace for alerting and notification management. The combined resources enable us to quickly and efficiently deploy best-in-class products to help our customers optimize their operations, create competitive advantages and drive revenue. I also want to particularly welcome our new employees and staff to the Scivantage family; I am continually impressed with their depth of expertise and ability to execute quality service.”
“By expanding its leading web-based brokerage products with Kenamea’s advanced Enterprise Notification System, Scivantage becomes the pre-eminent vendor for web based financial services in the marketplace today,” said Tom Lounibos, President and CEO of Kenamea. “Scivantage and Kenamea’s mutual clients have been enjoying the benefits of this collaboration for several years now. This transaction demonstrates both companies’ deep commitment to our client base as the combined company will continue to meet the changing needs of today’s financial services firms.”
With the acquisition, Scivantage adds a robust suite of notification management, workflow, decision support, collaboration and alert management products to its financial services software. Kenamea’s ENS enables users to receive and respond to critical alerts generated by the myriad of front, middle and back office systems in a single, actionable and personalized inbox minimizing time to resolution and driving significant productivity. Financial Advisors, operational staff and self-directed online investors will have real-time visibility and control over business-critical alerts, notifications and tasks.
about Kenamea
Founded in 1999, Kenamea is the leading provider of advanced web-based notification management solutions, serving the financial services industry. Kenamea provides next generation notification, business process workflow management and service-to-service communication solutions that enable enterprises to effectively manage the receipt and resolution of business-critical events in a secure, auditable environment. By using Kenamea solutions, organizations ensure that all business-critical tasks are resolved and operational efficiency is maximized. Learn more at www.kenamea.com.
about Scivantage
Scivantage is the premier provider of web-based, front- and middle-office brokerage products. Leveraging your existing back office, Scivantage’s easy and affordable platforms automate manual functions and integrate fundamental content into one fully customizable, straight-through-processed interface. Scivantage adds value to your broker and investor offerings with superior functionality, scalability and a turnkey implementation, increasing your productivity while lowering your total cost of ownership.
Scivantage’s applications provide retail online trading (InvestorTM), a professional broker platform (ProfessionalTM), interactive voice response (SpeechTM) processing, account opening (eAccountsTM), automated money management (eMoneyTM), trade processing, order routing, workflow, rules-based decision support engine (eDecisionTM), risk management, clearing and execution integration, electronic delivery of confirms and statements (eDeliveryTM), compliance, and OFX tools, as well as a complete Professional Services offering.
Founded in 2000, Scivantage services leading Fortune 500 brokerage and financial institutions, with millions of successful implementations. Contact us to find out how global and regional financial institutions, as well as smaller securities firms, use our systems to provide better service to their clients, increase efficiency, lower risk, and save money. Learn more at www.scivantage.com, via e-mail at info@scivantage.com, or by calling 866-SCIVANTAGE.
scivantage: experience true integration
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