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XCM Solutions Taps Mike Sabbatis as Chief Operating Officer

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Company Makes Two Strategic Appointments to Prepare to Meet Strong Demand for Workflow Solutions

Braintree, Mass. – April 2, 2015 – XCM Solutions, LLC, the leading provider of cloud-based workflow management software for the accounting profession, today announced the appointment of Mike Sabbatis as the Company’s Chief Operating Officer (COO). This strategic appointment reflects the Company’s plans to expand its operations as it prepares to meet strong demand for digital automation solutions among accounting professionals. To further bolster this effort, Bob Locke, formerly XCM Solutions’ Vice President of Sales & Marketing, has also been named Chief Revenue Officer (CRO).

Sabbatis has shared insight and provided counsel drawing on his expertise in technology-based accounting solutions with XCM Solutions’ leadership, while serving as a member of the Board of Directors for the past two years. He brings more than 30 years of industry experience in a variety of leadership positions, including most recently as Chief Revenue Officer at Realpage, Inc. and prior to that as CEO of CCH Tax and Accounting North America.

“We are extremely pleased to have someone of Mike’s caliber join XCM,” said Mark Albrecht, CEO at XCM Solutions. “As a board member Mike has been instrumental in shaping our strategy over the past two years. From there, it became more and more apparent that we could leverage his expertise in an operational role as well.”

As COO, Sabbatis will work closely with the management team on all aspects of the business, linking corporate strategy to transformational execution.

“I have seen this business progress for many years. And, in working closely with Mark and the team over the past two years, I have discovered a mutual passion and commitment to innovate in order to address the unique needs of the accounting profession,” said Sabbatis. “It just made sense to take a more impactful role and the timing is right, as we begin to see broad-based adoption for workflow software.”

XCM Solutions has enjoyed success on a number of fronts due to strong demand for its workflow, outsourcing, and scheduling solutions. The Company recently announced record sales results for its second quarter of the 2015 fiscal year with new XCM growth of 121% over the same period last year. Responsible for leading successful sales growth over the past four years, Locke will continue to manage all sales efforts in his role as CRO, as well as drive integration and alignment between all revenue-related functions, including marketing, sales, customer support, pricing, and revenue management.

“It’s a very exciting time in the profession where you can see and feel the very real impact that technology is having on not only the way we work, but also the way we think about our work as professionals,” added Albrecht. “It’s personally gratifying to be part of that transformation and to work with clients to understand how we can help them achieve their goals. To that end, we continue to invest in our business and are serious about innovation.”

Designed by CPAs for the accounting profession, XCM is an intuitive, cloud-based application that automates and standardizes processes for completing work throughout the firm and in all departments, including audit, tax, consulting and human resources.

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XCM's productivity enablement and workflow platform has become a key piece of the technology equation for tax, accounting, and finance organizations as they move toward a real-time, on-demand environment.

Powered by advanced cloud technology, XCM centralizes tax, accounting, finance, and audit processes within a single platform for end-to-end, streamlined workflow management. The holistic view of all work-in-progress helps leading firms and tax departments balance workloads, proactively address bottlenecks before they become problems, and drive profitability.

By optimizing processes across your organization or department, you and your team will progressively perform at peak efficiency—equating to immense productivity gains, cost savings, and capacity expansion.

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