Star Data Systems Inc. unveils major multi-million dollar agreement with Nesbitt Burns
TORONTO, Oct. 5 /CNW/ - Star Data Systems Inc. (STY/TSE) has won a
significant multi-year contract with Nesbitt Burns. The agreement calls for
Nesbitt Burns to use Star Data's highly successful StarQuote product and then
migrate to Star Data's latest software solution, StarQuote PRO.
Nesbitt Burns Inc. is one of Canada's leading full-service investment
firms, serving the financial needs of individual, institutional, corporate and
government clients. Nesbitt Burns employs over 4,300 individuals located in
147 offices across Canada and in 14 international locations. Nesbitt Burns is
a wholly owned subsidiary of the Bank of Montreal.
``Nesbitt Burns selected our company not only because we are long-term
business partners, but also because of our strong Canadian focus and
commitment,' said Star Data's Senior Vice President and General Manager of
Information Services, Paul Pryde. ``We were able to offer them the right
products with the kind of customer service they require.'
StarQuote's flexibility, ease of use and ability to be customized to
specific needs also attracted Nesbitt Burns to Star Data. ``In our minds, the
StarQuote product and technology is best suited to our requirements,' said
Michael Simms, Nesbitt Burns' Vice-President & Director, Technology, Private
Client Division. ``Star Data has a proven track record of working together
with Nesbitt Burns to meet the ever growing needs of our clients'.
Star Data is the leading supplier of online, real-time financial and
transaction processing services to the Canadian investment community.
Information Services include stock market quotations across North America,
analytical support and corporate and financial news. Transaction Processing
Services include shareholder and portfolio management, and real-time brokerage
accounting systems.
Additionally, Star Data is developing e-settlement technology to serve
North America's emerging wealth management infrastructure, by enabling the
banking and securities industries to achieve real-time convergence of their
transaction processing.
Star Data is based in Toronto, has offices in Vancouver, Calgary,
Winnipeg, London, Markham, Montreal, Halifax and London, UK., and employs more
than 400 people. The Company is listed on the Toronto Stock Exchange under the
symbol STY. For more information on the Company's products and services, visit
our website at www.stardata.com.
StarQuote, StarQuote PRO, e-settlement, Star Data and the Star Data logo
are trademarks of Star Data Systems Inc. Unauthorized use of Star Data's
trademarks is strictly prohibited. |
