SmartStream Technologies, the Transaction Lifecycle Management specialist, today announced that it has been awarded “Best Corporate Actions Vendor” at the 2008 Inside Reference Data awards held in New York.

The awards, now in their sixth year, recognise industry excellence within the market data, reference data and enterprise data management sectors.

Candidates were selected by the editorial staff at Inside Market Data (IMD) and Inside Reference Data (IRD) with the winners chosen by their readership, representing operations professionals at investment banks, securities firms, institutional investors, brokers and exchanges. These industry experts selected SmartStream as Inside Reference Data’s “Best Corporate Actions Vendor” from a shortlist including Advent, CheckFree, Information Mosaic and XSP.

“Our readers voted for SmartStream as the best corporate actions vendor, recognising the company for its ability to help financial institutions automate corporate actions processing and improve efficiency,” said Tine Thoresen, Editor of Inside Reference Data. “We introduced the best corporate actions vendor category this year as automating corporate actions processing is continuously being pushed up the agenda due to globalisation of financial markets, increased complexity of notifications and growing volumes of events.”

Steve Miller, Senior Product Manager at SmartStream, commented: “Winning this award means a great deal to SmartStream as it was voted for by the industry and the people who deal with corporate actions on a daily basis. Our continued success with TLM Corporate Actions, as witnessed by the number of new clients signing up to use the solution, demonstrates both the value of automating such a complex area and our ability to deliver solutions that matter. We look forward to building on this as we continue to develop the solution to deliver even greater functionality and support our clients as their corporate actions processing needs evolve.”