InfoTech Solutions for Business' RPAS Used by Raymond James to Create Global Network
Technological innovation from InfoTech supports financial giant in expanding existing system to share financial research across affiliates.

NEW YORK, NY, April 05, 2011 /24-7PressRelease/ -- InfoTech Solutions for Business, Inc. has launched a Research Publishing Automation System (RPAS) implementation for Raymond James Limited (RJL) in Canada. RPAS automates the production, workflow and distribution processing of financial research documents and related data, increasing speed and efficiency getting financial research to market.

Raymond James now has a global research publishing platform, using a single RPAS to author and publish research from different Raymond James Financial research-producing entities. This is a breakthrough for InfoTech's design and implementation, with a single RPAS platform now accommodating usage by multiple companies, all with different needs, research formats and styles. This exciting accomplishment sets the stage for further expansion to Raymond James Latin America and Raymond James European Equity organizations.

According to Ben Morgan, EVP of the Software Solutions Group at InfoTech, "The RPAS project with Raymond James was exceptional in that we modified an existing system and extended it to accommodate the needs of a separate but related publishing entity that had been interested in the system for years. By using InfoTech's systems, Raymond James was able to minimize costs they would have encountered in building, deploying and maintaining an entirely new system, and now has the ability to leverage research automation and publishing across the entire organization."

Jamie Coulter, General Manager, Equity Capital Markets at Raymond James Limited (RJL), said "The Canadian research department is quite pleased with how RPAS has performed since going live on the system in December 2010. With a Research coverage list close to 250 names and 17 publishing analysts, RJL had outgrown its existing publishing processes. In addition to allowing more timely distribution of research on Canadian companies, the fields of data collected by the RPAS system will allow our investment professionals and their clients to search our research database according to a variety of criteria such as sector, ratings and market capitalization."

Bob Anastasi, Senior Managing Director of US Equity Research at Raymond James & Associates, noted that the firm's long term partnership with InfoTech has been central to doubling the firm's US coverage to over 800 companies.

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