Akcelerant Finishes Strong in 2010

Contact: Lauren Sybesma
press@akcelerant.com I 610.232.2788

MALVERN, PENNSYLVANIA – January 25, 2011 – Akcelerant, a provider of connected software technology to the financial services industry, announced today year-end sales results and overall performance for 2010. In total, Akcelerant added nearly 40 new customers, all of which signed on to use the Akcelerant Framework to manage lending, collections, recovery and/or sales/service.

Over the past year, Akcelerant has continued to strengthen its presence in the large credit union market. Today, Akcelerant’s market penetration among credit unions over 1 billion in assets is hovering at close to 60%. In the most recent quarter, three of Akcelerant’s newest customers helped to drive that number including: Alliant Credit Union, a Chicago-based financial cooperative with more than 7.5 billion in assets, San Diego County Credit Union, a Symitar customer with close to 5 billion in assets, and Truliant Federal Credit Union with 1.3 billion in assets and 172,000 members.

“Our sales performance combined with our focus on expanding our business partner strategy has really allowed Akcelerant to secure its spot as a leader in the credit union marketplace this year,” states Eric Snyder, executive vice president, business development. “As we look towards 2011, Akcelerant has plans to release its next version of new and exciting functionality that will further distance the Akcelerant Framework from our competition.  In 2011, we will continue to invest in our products, our customers and our partners. We have many forthcoming announcements that will positively impact our entire family of products and help all of our customers continue to know they made the right choice in selecting Akcelerant.”

About Akcelerant Software LLC

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.

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