Andrew Peterson Joins Xtiva as New Vice President of Technology

Xtiva Financial Systems, a leading provider of enterprise sales compensation solutions for the brokerage industry, today announced that Andrew Peterson has joined the management team as Vice President of Technology. Based in Xtiva's San Francisco location, Peterson is responsible for all technology functions including product management and development, quality assurance, data center operations, and IT/networking. The search was conducted by Taylor Winfield.

New York, NY (PRWEB) July 22, 2007 -- Xtiva Financial Systems, a leading provider of enterprise sales compensation solutions for the brokerage industry, today announced that Andrew Peterson has joined the management team as Vice President of Technology. Based in Xtiva's San Francisco location, Peterson is responsible for all technology functions including product management and development, quality assurance, data center operations, and IT/networking. The search was conducted by Taylor Winfield.

Peterson brings years of experience in building and managing engineering teams in the enterprise software space. Prior to joining Xtiva, Peterson was Vice President of Engineering at Adomo where he helped grow the technology team from a small startup to a scalable organization. Prior to Adomo, he spent two years at Callidus Software as Vice President - Engineering running their Information Products group where he spearheaded the development of their portal, reporting, and analytics offerings. Prior to Callidus, Peterson was Vice President of Development for nQuire Software, a start up that developed a next generation analytics server. nQuire was acquired by Siebel Systems where Peterson managed the Analytics Server group, and was instrumental in helping grow revenues to $230 million in just two years.

Prior to Siebel, Peterson was Vice President of Database Administration Tools at Platinum Technology in charge of all aspects of product development. Prior to Platinum, he was an Advisory Engineer at IBM's Santa Teresa Laboratory where he worked on various components of the DB2 database management system. While at IBM, he was lead developer for the design and development of the Index Manager component and the development of row level locking.

"We are extremely pleased that Andrew has joined our team," said William Lieberman, Chief Executive Officer at Xtiva Financial Systems. "His skill-set and years of experience in building and managing enterprise software development teams is a critical component to our future. We have grown the firm to the point where we need more professional and experienced leadership in our technology group. Everyone at the company is excited to have him on board."

About Xtiva Financial Systems:
Xtiva Financial Systems is a leading provider of Software as a Service (SaaS) solutions for the brokerage industry. Founded in 1998 and based in New York City, Xtiva has developed state-of-the-art technologies that enable retail and institutional broker/dealers to streamline operations, from sales compensation and production reporting to supervision of rep licensing and compliance issues. With over 100 clients and key industry alliances, Xtiva is the leading provider of sales compensation solutions to the brokerage industry. In 2004, Xtiva was recognized by Inc. 500 as one of the fastest growing privately-held companies in the United States.

Xtiva's clients include: AXA Financial Advisors, BMO Capital Markets, Friedman Billings Ramsey, H&R Block Financial Advisors, Keefe Bruyette Woods, MetLife, Mutual of Omaha, Northern Trust and Thomas Weisel Partners. Xtiva has developed alliances with many of the leading financial services firms and vendors in the United States, including Bear Stearns, First Clearing (unit of Wachovia), National Financial, RBC Dain Correspondent Services, Ridge Clearing (formerly ADP Clearing) and Investigo.

For more information about Xtiva, visit www.xtiva.com.

About Taylor Winfield, Inc.:
Established in 1987, Taylor Winfield has been instrumental in building billions in market value within the high technology industry, via retained executive search and strategic business development. Through key relationships with premier venture capital firms, maturing client companies, and their executive network of visionary industry leaders, Taylor Winfield has conducted searches to create hundreds of high tech core management teams in enterprise software (applications & infrastructure), wireless, networking, computer hardware, services, and semiconductors. For more information, please visit www.taylorwinfield.com.

###