DebtX Receives U.S. Patent For Syndicated Debt Platform

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Mar 11, 2014, 09:00 ET

BOSTON, March 11, 2014 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that it has received patent approval from the U.S. Patent and Trademark Office for DXSyndicate®, the firm's trading technology for syndicated debt.

U.S. Patent No. 8,639,614 protects DebtX's innovation in DXSyndicate®, a technology that streamlines trading, distribution and reporting of syndicated debt. A cloud-based solution, DXSyndicate improves deal flow by centralizing transaction information in one location and sharing that knowledge across multiple teams in multiple locations.

DXSyndicate® has been deployed by some of the nation's largest financial institutions. The next version of DXSyndicate® is scheduled for release this month. For information about DXSyndicate®, contact Managing Director William Huschle, [email protected], 617.531.3408.

"DXSyndicate® is a proven platform for syndication professionals that keeps getting better and better," said CEO Kingsley Greenland. "DebtX is pleased the U.S. Patent and Trademark Office has recognized the ground-breaking technology in DXSyndicate® by issuing a patent."

The DXSyndicate® patent is the third for DebtX. DebtX has been issued patent No. 7,035,820 and No. 7,584,139 for its online loan sale and debt trading exchange system.

"At DebtX, we constantly innovate through the development of new technology," Greenland said. "We invest heavily in R&D to advance our mission of creating or enhancing liquidity for loans."

About DebtX

DebtX operates the world's most liquid marketplace for loans. Through its loan sale advisory, DebtX maximizes loan sale proceeds for financial institutions and government agencies. DebtX also provides loan valuation, analytics and market data for regulatory and audit purposes. For syndication, agency, and loan sale professionals, DebtX provides a suite of web-based deal management solutions. DebtX is based in Boston, with offices across the U.S. and Europe. Call 617.531.3400 or visit www.debtx.com. Follow DebtX on Facebook, Twitter and LinkedIn.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.
Kingsley Greenland
http://www.profnetconnect.com/kingsley_greenland

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SOURCE DebtX