Portellus Announces Strong Company Growth in 2005; Expands Operations, Increases Staff
IRVINE, Calif., Dec. 29, 2005 - Portellus Inc., a leading provider of technology solutions and services for the financial services industry, announced that the company has experienced significant growth due to an increasing demand for its suite of technology automation solutions. As a result, Portellus has added to its workforce, moved its corporate headquarters to a larger facility and expanded its Eastern European office.
Portellus bolstered its existing staff by hiring software developers, business analysts, implementation managers, quality assurance specialists, support staff and sales executives. The company brought on board 31 new hires, bringing the firm's total headcount to 96 full-time employees. Earlier this year, Portellus moved its U.S. operations to a state-of-the art facility in Irvine, Calif. to accommodate its anticipated growth.
The company also expanded its Eastern European office by moving to a larger facility to prepare for next year's projected growth, and to continue to recruit top-notch European software developers.
"Portellus' growth is the direct result of the marketplace being ripe and ready to take advantage of the company's highly flexible and scalable service-oriented Enterprise Solutions Framework (ESF), Enterprise Rules Management (ERM) solution and Loan Origination System (LOS)," said John Le, CEO of Portellus. "These next-generation solutions have attracted the attention of forward-thinking companies, who are proactively preparing to compete in what is becoming a hyper-competitive business landscape."
"Portellus has positioned itself to be at the forefront of supporting the anticipated demand of a newer paradigm in financial services technology," said Tony Acosta, director of business development at Portellus. "This paradigm provides enterprises with unmatched flexibility, lower Total Cost of Ownership, and true enterprise scalability. Because of this, Portellus is realizing an enviable rate of growth, which required us to spend much of 2005 incorporating the necessary processes, people and building blocks to allow us to remain focused on customer satisfaction."
Portellus plans to officially announce the majority of its new clients in the first quarter of 2006.
About Portellus
Headquartered in Irvine, Calif., Portellus Inc. is a leading provider of technology applications and services for the mortgage banking and insurance industries. The company's Decision Management solution, Enterprise Rules Management (ERM) solution, Mortgage Solutions Framework, Point-of-Sale Portals and Insurance Rating and Underwriting Engine utilize Service-Oriented Architecture (SOA) to seamlessly integrate with existing systems and enable clients to gain competitive advantages, reduce costs, mitigate risk, increase profitability, adhere to compliance regulations and swiftly enter new markets. For more information, visit www.portellus.com or call 949-250-9600.
- CONTACT:
- Joe Bowerbank
- Portellus, Inc.
- 949.250.9600, ext. 250
- jbowerbank@portellus.com
View More Press Releases
