Ackelerant Software Adds New Customers in First Half of 2011

Akcelerant Software, LLC, a provider of connected software technology to the financial services industry, welcomed 16 new customers during the first half of 2011, the company announced August 11. The breakdown of new customers spans all Akcelerant product lines including Akcelerant Elements and the Akcelerant Framework for lending and collection.

Akcelerant’s newest Framework collection customers range in size, but among the largest are American Airlines Federal Credit Union, a Fiserv Spectrum user with over $5.4 billion in assets and 229,000 members, Randolph-Brooks Federal Credit Union, a Texas-based credit union with $4.3 billion in assets and 350,000 members, and Michigan State University Federal Credit Union, a Symitar customer with $2.1 billion in assets and 158,000 members.

In addition, a number of existing Akcelerant Framework collection customers expanded their relationship with Akcelerant to include SOLUTION.LENDING, a feature-rich loan origination system powered by the Framework. Other industry-leading financial institutions selected SOLUTION.LENDING as a standalone system due to its powerful loan decisioning, intuitive cross-sell functionality, and extensive third-party integration.

“Akcelerant’s strategy of offering two distinct product lines, each tailored to meet a different demographic, has proven successful over the last few quarters. The Akcelerant Framework’s dynamic functionality can meet the complex needs of larger financial institutions through a single platform approach that drives multiple business areas, while Akcelerant Elements is better suited for small to mid-size organizations where a quick implementation and specialized functionality is more important.  We are proud to welcome all of our newest customers to the Akcelerant family, and look forward to continued success during the remainder of 2011,” comments Eric Snyder, executive vice president, business development at Akcelerant.

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.