Customer Roster Continues to Expand as Company Closes Record Number of DisclosureNet Deals
This follows on the heels of a record-setting year. Since January, XPI has secured over 130 new customers, a record compared to previous quarterly sales activities. The company also signed its 300th customer in the spring, and has grown DisclosureNet's user base to over 15,000 users.
"Despite the economic downturn, we have experienced an unprecedented period of growth over the past year," said
DisclosureNet is a research tool that enables users to perform targeted searches on specific corporate disclosure documents filed in
XPI is well positioned to maintain its rapid rate of growth. A key driver for this is the mandated adoption of International Financial Reporting Standards (IFRS) for Canadian enterprises in January, 2011. Currently, accounting professionals in
As a result, accounting professionals will require access to IFRS-standard documents to research best practices, and how they're being implemented, in order to prepare for this conversion. Later this year, XPI plans to release a version of DisclosureNet that provides online access to this data for the first time.
"Clearly, our business strategy is working, and we're extremely pleased to have had such steady growth over the past year," said
About XPI
XPI is an innovative, Canadian technology company committed to building a global disclosure network that facilitates the process for timely, secure, and compliant creation, dissemination and analysis of disclosure documents. The company's flagship product, DisclosureNet, enables users to perform targeted searches and receive alerts on specific corporate disclosure documents filed with SEDAR, SEDI and EDGAR. DisclosureNet has wide-spread adoption in the Canadian accounting, corporate, investment, legal, and regulatory markets. For more information, please visit www.xpi.com.
For further information: Media Contact: Marisa Marzano, (416) 916-8798 ext 151, [email protected]
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