Akcelerant Announces Outstanding Performance in 2009

MALVERN, PENNSYLVANIA – Akcelerant, a provider of connected software technology for the financial services industry, today announced end-of-year sales results and overall 2009 performance. In the fourth quarter, 12 new financial institutions signed on to use the Akcelerant Framework to enhance their collection efforts. In 2009, the company reported 53 new customers, and today provides technology to over 500 financial institutions in North America.

Akcelerant’s most recent customers reflect a diverse group of financial institutions. Both credit unions and banks alike decided to take advantage of the Akcelerant Framework’s powerful collection software in the fourth quarter and represent a wide variety of sizes, locations, and core processors.  Among the largest in the credit union space is California Coast Credit Union, a Symitar customer with over $1.7 billion in assets. Today, 53% of credit unions measuring over 1 billion in assets are customers of Akcelerant. In addition, Akcelerant is gaining momentum in the banking market and recently signed Exchange Bank, a California-based financial institution.

In 2009, Akcelerant also experienced a number of current customers expanding their relationship to include additional products, such as Akcelerant’s loan origination system, and numerous partner connectors. Expansion in these areas is expected to continue throughout 2010.

“Akcelerant is proud to have had such great success in 2009 despite the recent economic downturn. The addition of 12 new customers in the fourth quarter continues a trend Akcelerant has seen all year. Such consistency and growth is a testament of our ability to remain steadfast in our objective of providing high-quality software to the marketplace.  The advancements made in 2009 have set the stage for continued success in 2010,” states Eric Snyder, Executive Vice President of Business Development at Akcelerant.

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.