TORONTO, CANADA – Xeye Inc., the leading provider of wealth management software and services to the financial services industry, is pleased to announce the closing of a US$3.5MM financing from MMV Financial Inc. Xeye’s flagship product, WealthManager™, is a highly scalable, enterprise-wide wealth management platform that integrates with a suite of best-of-breed business solutions to help financial institutions increase productivity and revenue, while delivering better service and solutions to their retail and high net worth clients.
“Xeye’s comprehensive wealth management platform offers financial institutions an integrated suite of solutions to holistically manage and service client relationships across the enterprise,” said Ron Patterson, EVP MMV Financial. “The company is a market leader in Canada, and is rapidly gaining traction in the US. We look forward to Xeye’s continued growth and success,” Craig O’Neill, President and CEO of Xeye, added "We are very pleased to have MMV on board as an additional institutional investor. This financing provides us with increased financial strength to further expand our business while continuing to support and invest in our technology and customer base."
About Xeye Inc.
Founded in 1993, Xeye supplies advanced technology solutions to the wealth management industry. Xeye’s WealthManager provides 360° views of all client information, advanced portfolio management tools, proposal generation, portfolio modeling, client reporting, team based workflow, and continuous client review capabilities. Xeye’s services oriented architecture provides for seamless data integration. For more information, visit www.xeye.com or contact:
Lara De Vido, VP Marketing
About MMV Financial Inc.
MMV Financial is a Toronto-based specialty finance company providing creative debt solutions directly to technology and life sciences companies across North America. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de dépôt et placement du Québec, NewStar Financial, Inc., and Wells Fargo Company. For more information visit www.mmvf.com or contact:
Ron Patterson, Executive Vice President
MMV Financial Inc.