Scivantage Appoints Jim Tousignant as Executive Vice President of Global Sales and Business Development

Industry veteran to lead client-driven sales and business development initiatives globally for Scivantage’s suite of products and solutions

JERSEY CITY, N.J., — Oct. 7, 2013Scivantage®, an independent financial technology provider with proven expertise in online brokerage, tax and portfolio reporting and wealth management applications, announced today the appointment of Jim Tousignant as Executive Vice President of Sales and Business Development. In his new role, Tousignant will be responsible for Scivantage’s sales and business development worldwide, leading the company’s market expansion and helping capitalize on new opportunities in the financial services technology market.

Tousignant, who will be based in Jersey City, N.J., and report directly to Scivantage CEO, Adnane Charchour, has more than three decades of entrepreneurial and senior management experience in the financial services and technology sectors. He has demonstrated a track record of energizing and leading high growth companies and business teams generating in excess of $500 million in annual revenue. Tousignant was co-founder and President of Multex, a global provider of online financial information and brokerage research and was responsible for global sales, marketing, business development, strategic alliances and acquisitions. Tousignant has also held senior positions at Thomson Financial where he was a Managing Director responsible for global sales and Morgan Stanley where he served as Executive Vice President, Business Development and eCommerce.

“Scivantage prides itself on our ability to deliver innovation to our customers. Our growth remains strong as is evident through recent client wins, strategic partnerships and acquisitions, and bringing Jim on board will enable us to extend our capabilities into new markets and accelerate our aggressive expansion goals,” said Charchour. “Jim’s proven track record within the financial services technology industry, as well as his significant sales and business development acumen, make him well suited to serve Scivantage and our valued clients.”

“I’m excited to be joining Scivantage at this dynamic time in our industry. More than ever, financial institutions are being challenged with increased regulatory pressures and growing demand from their clients for greater online access to their investments,” said Tousignant. “Scivantage is uniquely positioned to deliver advanced software and technology solutions that enable financial institutions and financial professionals to dramatically reduce operational costs, strengthen customer relationships and improve productivity. I am enthusiastic about the company’s commitment to the market at this very exciting stage of its growth, and I look forward to leading and expanding our sales and business development teams to new levels of success for both Scivantage and our customers.”

About Scivantage

Scivantage is an independent financial technology provider with proven expertise in online brokerage, tax and portfolio reporting, and wealth management applications that automate and integrate key business practices for broker-dealers, mutual funds, custodians and prime brokers. From trade order processing and account management to comprehensive cost basis reporting and automated account opening, maintenance and funding, Scivantage’s back-office independent solutions enable financial institutions and financial professionals to dramatically reduce operational costs, strengthen customer relationships and improve productivity. For more information, please visit www.scivantage.com or contact us at +1.866.724.8268.

Enabling Financial Transactions. Automate. Connect. Transact.

Posted in Press Release.