CXi announce second client; a property firm managing some $2 billion in assets.
CXi Software has announced that it has successfully migrated its second client, in as many months, onto its cloud-based Unit Registry system – CXi-Registry™.
“We’re delighted to welcome our second client; a significant Melbourne-based property firm managing some $2 billion in assets” said Seamus Ó Concheanainn, Managing Director of CXi. “This client is synonymous with professional property investing and is a terrific partner for CXi. Our CXi-Registry™ platform delivers the high-end capabilities that innovative fund managers require and feedback from our early adopters indicates we are meeting and exceeding market expectations in that regard,” Mr. Ó Concheanainn continued. “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.”
“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 CXi-Registry™ 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”.