Xtiva

Canaccord Genuity Advises Sales Performance and Incentive Compensation Management Software Global Leader Xtiva on its Sale to PureFacts​​​​​​​

Canaccord Genuity is pleased to announce it has advised Xtiva Financial Systems (“Xtiva”), the global leader in sales performance and incentive compensation management software for the wealth management industry, on its sale to PureFacts Financial Solutions (“PureFacts”), a leader in revenue management, enterprise reporting, and insights solutions for the asset and wealth management sector. Xtiva was previously a portfolio company of Austin-based Recurring Capital Partners.

Xtiva provides the leading sales performance management and incentive compensation management software solution for the financial services industry. Xtiva’s cloud-based Performance Platform enables financial organizations to drive scalable performance improvement through better business intelligence, sales enablement, and talent management and is supported by dynamic and compelling incentive compensation based on a single system of record. 90 financial service enterprises use Xtiva’s software, services, and support to maximize their salesforce investments and business performance. Xtiva’s customer-obsessed team is dedicated to ensuring its customers and their partners achieve more every day.

This acquisition marks a significant milestone in PureFacts’ growth strategy and reinforces its commitment to delivering exceptional, seamless, end-to-end revenue management solutions to its clients. Founded in 1997, PureFacts is an award-winning provider of revenue management solutions for the investment industry. Serving more than 100 clients with a combined $10 trillion in assets under management, PureFacts’ wealth-tech solutions help some of the largest and most recognizable wealth management firms and financial institutions grow revenue through better management of fees and actionable, data-driven insights. Its solutions help firms increase productivity, retain their most valued clients, deliver high-quality advice, and prevent costly mistakes.

The deal brings together two highly complementary organizations, with PureFacts’ extensive experience and industry-leading infrastructure for gross and net fee calculations and reporting, combined with Xtiva’s cutting-edge technology and expertise in incentive and performance compensation management. Under the PureFacts umbrella, the combined company will offer clients a complete revenue management solution while continuing to deliver the same world-class service and support that has distinguished both Xtiva and PureFacts in the market. Executives on the Xtiva team, including CEO Thomas J. Moysak, will join the PureFacts’ leadership team, reporting directly to founder and CEO Robert Madej. The combined business will benefit from sharing best practices in operations. Leadership will work together to integrate both companies' development, back-office, and go-to-market activities.

Canaccord Genuity, with a team led by Andrew Pojani, Lisa McClure Byrnes and Isaac Porter, served as the exclusive financial advisor to Xtiva.