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Prudential Outsources To Exigen

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NU Online News Service, Oct. 15, 9:50 a.m. – Exigen, San Francisco, announced today that it has signed a five-year agreement to provide application management services to Prudential Securities Inc., an affiliate of Prudential Financial Inc., Newark, N.J.

The contract includes production support, maintenance and development for a set of back-office brokerage applications, Exigen says.

Exigen will oversee the cash management application that processes Prudential’s daily trading activity.

Exigen will provide the services from its New Jersey-based Integration Center, New Brunswick, Canada-based Operations Center, and Eastern European technology development offices, the company says.