Akcelerant Jump Starts 2010 with 10 New Customers

Published on:
14 April 2010 at 03:20 a.m. ET

Written by: Press Release –

http://www.insidearm.com/news/00008274-akcelerant-jump-starts-2010-with-10-new-c/

MALVERN, Penn. – Akcelerant Software, a provider of connected software technology to the financial services industry, announced today the addition of 10 new customers in the first quarter of 2010. All 10 will implement the Akcelerant Framework, a robust software application used to streamline collections and other key business processes through advanced workflow, powerful reporting and unmatched integration with industry-leading service providers. The growth seen by Akcelerant this quarter represents a trend that has remained consistent since early 2009 and is expected to continue throughout 2010.

In addition to increasing customers, Akcelerant also plans to promote growth through cross-selling new solutions available on the Akcelerant Framework over the next several quarters. Traditionally, the Framework has been known as a connected software application that streamlines risk management and increases collection efficiency. However, Akcelerant’s unique vision of using the Framework to manage lending, collections, and numerous third-party services all from one central platform is gaining momentum. Akcelerant’s newest lending solution has caught the attention of a number of industry-leading financial institutions and will be an important part of Akcelerant’s growth strategy in 2010.

“We are pleased with the consistency of our first quarter sales and the trend we see in the second quarter based on our pipeline,” states Eric Snyder, executive vice president, business development at Akcelerant. “Akcelerant’s vision continues to unfold, and we are receiving excellent feedback from our customers, as well as new prospects, who are looking more and more to integrate the delivery of services through software and drive lending along with collections from the same platform.”

About Akcelerant Software
Akcelerant, with offices in Malvern, Pennsylvania and Vancouver, British Columbia, provides connected software applications to the financial services industry through multiple product lines and integration to best-of-breed service providers. Approximately 500 financial institutions in all 50 states and all provinces of Canada are currently using Akcelerant technology. For more information about Akcelerant, visit www.akcelerant.com.