San Francisco, Calif. — Exigen Group today announced that Prudential Financial selected it as a preferred vendor. The designation entails providing application development and product support for mission critical financial services functions, which will be outsourced to Exigen's offices in Latvia and Russia.
Exigen provides its customers with product and application maintenance, development, and production support operations in Riga, Latvia; Vilnius, Lithuania; Moscow and St. Petersburg, Russia. Hundreds of engineers are located there to service Exigen's outsourcing customers and deliver high quality analysis, design, development, testing and production support. The technical and cultural talents from these various locations allow Exigen to assemble the best-fit team for its customers' needs. Systems development and maintenance is only one solution Exigen provides to reduce the total cost of operations for services companies.
"By outsourcing non-differentiating processes, customers can reduce costs while simultaneously focusing their resources to develop new core assets," said Alex Poberezhsky, general manager of outsourcing services at Exigen. "Helping customers reduce their total cost of operations requires a blend of different strategies, for instance the use of best-cost labor for operations like IT."
This latest announcement builds on a prior deal between Exigen and Prudential Securities, a Prudential Financial affiliate. Under terms of that five-year contract, Exigen provides production support, maintenance and development for a set of the back-office brokerage applications.
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