TORONTO, Nov. 10,
2022 /CNW/ - NexJ Systems Inc. ("NexJ" or
the "Company") (TSX: NXJ), delivering intelligent customer
management software to the financial services industry, announced
today the successful completion of the previously announced
acquisition of 100% of the issued and outstanding common shares of
NexJ by N. Harris Computer Corporation ("NHC" or "Harris").
Delisting of the NexJ shares from the Toronto Stock Exchange is
expected to occur shortly, and NexJ will apply to all applicable
Canadian securities regulatory authorities to cease to be a
reporting issuer.
INFOR Financial Inc provided a fairness opinion to the
independent committee of the board of directors of NexJ. Blake,
Cassels & Graydon LLP acted as counsel to NexJ. Cassels Brock & Blackwell LLP acted as
counsel to Harris.
NexJ is focused on improving the advisor and relationship
manager experience and optimizing our clients' engagement with
their customers. We are innovators who build and implement software
that aggregates data from front, middle, and back-office and
presents it in an intuitive, user-friendly, configurable user
experience, enabling the advisor/relationship manager to deliver
real-time information to manage their client engagement more
efficiently.
About NexJ Systems Inc.
NexJ Systems provides
Intelligent Customer Management products for the financial services
industry. Our award-winning products are designed to help Wealth
Management, Private Banking, Corporate and Commercial Banking, and
Insurance firms revolutionize their business. Powered by artificial
intelligence, our products help drive productivity, boost client
engagement, and increase revenue. With users in over 60 countries,
its customers benefit from its deep expertise across financial
services verticals, strategic investment in innovation, and
commitment to their success.
Based in Toronto, NexJ has
clients throughout North America,
Asia Pacific and in Europe. For more information about NexJ
visit www.nexj.com, e-mail info@nexj.com, or call
416-222-5611. Join us on LinkedIn, follow us on Twitter, subscribe
to our YouTube channel, or like us on Facebook.
About N. Harris Computer Corporation
Harris acquires vertical market software
businesses, manages them using industry best practices, and builds
them for the future. Through acquisitions, Harris has grown extensively from its roots in
the utilities, local government, education, and healthcare sectors
to operate over 180 businesses globally across more than twenty
industries. Harris is an operating
group of Constellation Software Inc. (TSX: CSU), one of
North America's most active
acquirers of software businesses.
NexJ Forward-looking Statement
Certain statements in
this press release may contain words considered forward-looking
statements or information under applicable securities laws. These
statements are based on NexJ's current expectations, estimates,
forecasts and projections about the operating environment,
economies, and markets in which the company operates. These
statements are subject to important assumptions, risks and
uncertainties that are difficult to predict, and the actual outcome
may be materially different. NexJ's assumptions, although
considered reasonable by the company at the date of this press
release, may prove to be inaccurate and consequently, its actual
results could differ materially from the expectations set out
herein. For additional information with respect to risks and other
factors which could occur, see NexJ's securities filings with the
OSC and other securities regulators. NexJ securities filings are
available on www.sedar.com. Unless otherwise required by
applicable securities laws, NexJ disclaims any intention or
obligations to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
SOURCE NexJ Systems Inc.
