SOURCE: ByAllAccounts


April 20, 2010 09:22 ET

ByAllAccounts Bolsters Executive Team With Sales and Business Development Veteran

Joseph A. Murphy Will Guide Next Phase of Revenue Growth

BOSTON, MA--(Marketwire - April 20, 2010) -  ByAllAccounts, Inc., the financial advisors' choice for account aggregation, today announced that Joseph A. Murphy has joined its management team as executive vice president. Murphy will direct strategic sales initiatives and help catapult the company into its next phase of rapid revenue growth. A 30-year veteran of sales and business management, Murphy is charged with accelerating sales of the company's account aggregation solutions to registered investment advisors and building relationships with clients and partners.

"Over three decades and more than four separate IPO's, Joe has proven he understands how to maximize the opportunities for growing companies, especially as new revenue models such as SaaS have emerged," said James Carney, president and CEO of ByAllAccounts. "With our sales steadily increasing and new products hitting the market, the timing is perfect to bring someone of Joe's caliber on board."

Prior to joining ByAllAccounts, Murphy was the senior vice president for Verdasys, an enterprise information protection services provider, where he was instrumental in re-aligning the corporate sales model, establishing a government business unit and developing reliable sales metrics, management policies and more effective compensation models. Before Verdasys, Murphy's senior management experiences included Genesys (eventually sold to Alcatel), GeoTel (eventually sold to Cisco), Success Metrics/Birst, where he deployed a SaaS model for rapid revenue growth, and Speechworks.

"With ByAllAccounts, I am fortunate to be able to hit the ground running with an already successful sales organization and seasoned management team," said Joseph Murphy, EVP of ByAllAccounts. "I look forward to this next phase of growth, which includes new strategic partnerships and building a much larger sales pipeline. It is clear the best is yet to come."

About ByAllAccounts, Inc.
ByAllAccounts, the financial advisors' choice for account aggregation, is the only service that retrieves, enriches and consolidates reconciliation-ready account data from any custodian. ByAllAccounts' patented aggregation engine, through which more than $130 billion in assets flows, aggregates all client account data -- from any source -- within an advisor's wealth management platform or trust accounting system for a truly comprehensive view. Hundreds of advisors rely on ByAllAccounts to save administrative time and costs, mitigate risk associated with having incomplete information and grow revenues through client referrals and new business development. ByAllAccounts integrates seamlessly with all of the most popular wealth management platforms.

ByAllAccounts was founded in 1999 and has its headquarters in Woburn, MA. For more information about the company:

Contact Information

  • Scott Bauman
    Greenough Communications
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    Cynthia Stephens
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