SmartStream, the financial Transaction Lifecycle Management specialist, today announced that it has been named "Best Corporate Actions Vendor" at the 2011 Inside Reference Data awards, held in New York at the end of May.

SmartStream was recognised for its on-going innovation within its TLM Corporate Actions solution and in winning becomes the first vendor in the Awards history to win the same honour for four consecutive years.

The awards, now in their ninth year, recognise industry excellence within the market data, reference data and enterprise data management sectors. Candidates were selected and short-listed by the editorial staff at Inside Market Data and Inside Reference Data, with the winners chosen by their readership, representing operations professionals at investment banks, securities firms, institutional investors, brokers and exchanges globally.

These industry experts and end users selected SmartStream as Inside Reference Data’s Best Corporate Actions Vendor for 2011.

Alan Jones, Senior Product Manager at SmartStream, commented: “Winning this award for the fourth year in a row is a significant achievement. We are seeing high levels of interest from firms globally who are still struggling with processing inefficiencies and legacy systems that are creaking under the increased pressure of client, market and regulatory demands. With growing volumes and the increased complexity of notifications, the automation of event processing remains critical and has increased in importance. TLM Corporate Actions is proving to be one of the most functionally rich corporate actions solutions available today. It also offers integration with our broader suite of TLM solutions that we believe offers unparalleled ability to create more proactive middle and back office operations, reducing operational risk and lowering costs. It’s therefore gratifying that industry practitioners voted for us to win this award for a fourth consecutive year.”