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Xtiva Financial Systems
The leading sales performance management and compensation incentive technology to the financial services industry
About Xtiva Financial Systems
Established in 1995, Xtiva Financial Systems operates as a provider of sales performance management (SPM) and incentive compensation management (ICM) systems tailored for the financial services industry. The company was founded by Thomas Moysak, who also served as its CEO. His experience includes growing Northeast Securities from its inception to $40 million in gross revenue and later, as Xtiva's CEO, increasing the company's recurring revenue from $3 million to $12 million. In March 2023, Xtiva was acquired by PureFacts Financial Solutions, a company specializing in revenue management and enterprise reporting for the asset and wealth management sector. Following the acquisition, key executives from Xtiva, including Thomas Moysak, joined the leadership team at PureFacts.
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Xtiva provides its solutions through a Software-as-a-Service (SaaS) model, serving a clientele that includes retail and institutional brokerage firms, correspondent clearing houses, and bank operations. The company's cloud-native product suite is designed to help financial organizations improve performance through business intelligence, sales enablement, and talent management tools. The core of their offering revolves around an application named Commission Manager, which facilitates sales compensation management, correspondent billing, and production reporting. The platform processes a significant volume of transactions, with its data center handling over 10 million transactions monthly for approximately 48,000 payees across more than 100 clients. The business generates revenue by providing these cloud-based solutions to financial services enterprises, aiming to help them manage their salesforce investments and overall business performance more effectively.
The acquisition by PureFacts was a strategic move to combine two complementary services. The deal integrated PureFacts' infrastructure for fee calculations and reporting with Xtiva's technology for incentive and performance compensation management. This merger aims to provide a comprehensive, end-to-end revenue management solution for their clients in the wealth management industry. Before the acquisition, Xtiva was a portfolio company of Recurring Capital Partners. The combined entity under the PureFacts umbrella continues to serve a broad range of financial institutions. Keywords: sales performance management, incentive compensation management, financial services software, wealth management technology, revenue management solutions, business intelligence for finance, sales enablement, talent management financial services, commission calculation software, brokerage compensation, correspondent clearing solutions, bank operations software, SaaS for finance, PureFacts, Thomas Moysak, retail brokerage tools, institutional brokerage software, financial reporting tools, wealthtech, asset management solutions
At a glance
- Status
- Acquired
- Founded
- 1998
- Headquarters
- Hempstead, United States
- Employees
- 17
- Open positions
- None listed
- Dealroom signal
- 59.8/100
- Industry
- Fintech, Enterprise Software
- Sub-industry
- Financial Management Solutions
- Sector
- Fintech, Information Technology, Wealth Management, Risk Management, SaaS, Brokerage, Platform
- Business model
- SaaS
- Client focus
- b2b
Latest news
Press, funding announcements and product moves mentioning Xtiva Financial Systems.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Mar 2023 | $0 | — | Purefacts Financial Solutions | ↗ |
| LATE VC✓Equity / VC | May 2020 | $10M | $40M | Recurring Capital Partners | ↗ |
Growth signals
Latest recorded traffic for Xtiva Financial Systems is 230 monthly website visits, down 87.9% over the last three months. Xtiva Financial Systems's team declined 66% over the past year.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later1 investor entered at this stage
Recurring Capital Partners
Other known investors2 additional known investors
Purefacts Financial Solutions
Accel-KKR
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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