Scivantage Celebrates 10th Anniversary and a Decade of Technology Innovation

Jersey City, New Jersey-based company has been a leader in web-based, front and middle-office technology solutions for the financial services industry since 2000

Award-winning technology firm realizes year-on-year growth since founding

JERSEY CITY, N.J., July 21, 2010Scivantage, a leading provider of Web-based, front- and middle-office technology solutions to the financial services industry, announced today that it is celebrating 10 years as an independent technology firm focused on the retail brokerage and asset management markets.

Founded in 2000, Scivantage has been a pioneer in the development of web-based brokerage and wealth management services that have redefined and streamlined the way financial institutions, financial professionals and their clients transact business. From an integrated financial advisor workstation and the industry’s only fully automated cost basis engine to the leading customer service and advanced trading online brokerage solution, Scivantage offers a broad range of applications that span the workflow of financial professionals and support the complex investment needs of the retail investor.

With more than 50 emerging and leading financial institutions as clients, Scivantage has quickly become one of the fastest growing private companies in the U.S. Over the last 10 years, Scivantage has realized significant achievements and received numerous accolades for its technology innovation and solid growth, including being named the New Jersey Technology Council’s Growth Company of the Year in 2007.

“Over the last decade, we’ve established ourselves as the leader in online brokerage technology, while remaining a truly independent technology firm,” said Adnane Charchour, President and CEO, Scivantage. “Ultimately, what has made us successful is the continued success of our clients and the close partnerships we have built with them over the years. As we look towards the future, Scivantage will continue to stay true to its objective of providing back office independent, technology solutions that drive innovation across critical areas of the front- and middle-office to help drive sustainable competitive advantages for our clients.”

Key accomplishments include:

  • More than 50 clients, including 5 of the top 12 online brokerage firms, 8 of the top 25 full-service brokerage firms, 3 of the top 5 online bank broker-dealers and the No. 1 asset management firm in the world
  • Launch of Scivantage MaxitTM, one of the industry’s fastest growing cost basis reporting solutions, which has garnered several leading financial clients
  • Nearly tripled revenue since 2005
  • Recognized as the ‘acknowledged leader in online brokerage technology’ by Celent in July 2009
  • Adnane Charchour, President and CEO, was named 2008 Ernst & Young Entrepreneur of the Year® for New Jersey
  • Ranked No. 2,086 on the 2009 Inc. 5000 Fastest Growing Private Companies list
  • Ranked No. 128 fastest growing company in North America on Deloitte’s 2008 Technology Fast 500 list

For more information about Scivantage’s 10th Anniversary, visit www.scivantage.com/10thAnniversary.php.

About Scivantage

Leading financial institutions depend on Scivantage for essential front- and middle-office applications that deliver transaction-critical data, automate key business processes and drive operational efficiencies. Scivantage’s proven, back-office independent brokerage solutions offer a powerful suite of applications that span the workflow of financial professionals and support the complex investment needs of the retail investor. From online trading and event notification management to automated account opening, maintenance and funding, Scivantage enables financial institutions and financial professionals to dramatically reduce operational costs, strengthen customer relationships and improve productivity. For more information, please visitwww.scivantage.com or contact us at +1.866.724.8268.

Enabling Financial Transactions. > Automate > Connect > Transact

Posted in Press Release.