Portellus Announces Expansion of Customer Readiness Lab
New Facilities Accommodate Portellus' Growth, Allows More Prospective Clients to 'Try Before They Buy'
IRVINE, Calif., October 6, 2006 Portellus Inc., a leading provider of technology solutions for the financial services industry, today announced the release of its new Customer Readiness Lab (CRL). The expanded CRL now allows for multiple prospective client visits to its onsite evaluation, testing and solution simulation facilities. The goal of the CRL is to offer a structured, step-by-step user defined experience that mitigates the risk involved with purchasing enterprise-level applications and ensures buyer ROI.
In June of this year, Portellus moved its corporate headquarters to a larger office space, which contained the necessary square footage to accommodate additional growth and a larger CRL. The new CRL offers more than double the space of its previous lab, which is specifically designed to allow for increased visits by prospective clients. Portellus' CRL is comprised of state-of-the-art training classrooms, product demonstration rooms, user testing facilities, implementation planning rooms and a dedicated client lounge.
"We feel very strongly that our CRL model is raising the due diligence bar for vendors and will eventually become an industry standard approach to risk mitigation," said John N. Le, chairman and CEO of Portellus. "Buyers need to perform detailed evaluations before deciding on a vendor and solution; a CRL type of approach helps ensure that technology expectations can be met before inking a deal. Vendors shouldn't deny prospects the opportunity to 'look under the hood' and 'kick the tires' before they sign. We've have already seen other vendors launch similar models, which is a major step in the right direction for the industry as a whole."
Portellus' CRL is among three finalists in Mortgage Technology magazine's
Release of the Year award, which, according to the judges, is granted to a company that announces a technology product, platform, alliance or initiative that seems likely to have the broadest impact on mortgage lending going forward. The winner will be publicized on Sunday, October 22, the opening night of the 93rd Mortgage Bankers Association Exposition and Conference in Chicago.
About Portellus
Headquartered in Irvine, Calif., Portellus Inc. is a provider of next-generation technology solutions for the financial services and insurance industries. The company's Decision Management, Enterprise Rules Management (ERM), Loan Origination and Portal solutions utilize a service-oriented approach to deliver loosely coupled applications and flexible solutions, enabling clients to gain competitive advantages, reduce costs, mitigate risk, increase profitability, comply with regulatory requirements and swiftly respond to changing marketplace conditions. For more information, visit www.portellus.com or call 949-250-9600. For more information, visit www.portellus.com or call 949-250-9600.
- CONTACT:
- Joe Bowerbank
- Portellus, Inc.
- 949.250.9600, ext. 2250
- jbowerbank@portellus.com
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