Press
COCC Named one of Connecticut’s Best Places to Work
Six Independent Organizations Recognize COCC for Growth and Excellence in 2012
AVON,CN (Feb. 12, 2013) – COCC, the sixth largest provider of integrated technology services for financial institutions, closed 2012 with record growth, client satisfaction, and recognition –and was recently named one of Connecticut’s Best Places to Work by the Hartford Business Journal. The year capped a 119% increase in income over the past 10 years, a near doubling of the number of clients over the same period, and overall client satisfaction registering 4.54 on a 5 point scale.
“Our ‘Best Places to Work’ award crowns the strongest decade in our 45 year history,” said Richard A. Leone, President and CEO. “Not only have we increased our revenue and number of clients to record levels, but our reputation for excellent service and employee satisfaction has never been greater. Our technology innovations coupled with equally powerful service are winning in the marketplace and generating a new round of success in 2013.”
COCC continues to win new business with its highly flexible INSIGHT platform and service which powers bank and credit union clients throughout the U.S. Through advanced system integration, COCC has been delivering breakthrough technology in every aspect of banking operations, from teller line to mobile banking to business intelligence. Recent news about the purchase of COCC’s co-developer, Open Solutions, Inc., has not changed COCC’s product or services plans.
COCC clients are now among the most technically-advanced institutions in the industry, with 40% using integrated document management and more than half deploying core processing ‘Apps’ to innovate on their own schedule, increasing their responsiveness, productivity and profitability. A new agreement with Online Resources Corporation to deliver cutting-edge integration to the Internet Banking platform is poised to launch a fresh round of digital banking innovation.
“We are delivering what financial institutions want most from their technology service providers – flexible innovations that they can install whenever they need them,” continued Mr. Leone. “This strategy enables our clients to respond to changing market needs faster than anyone in the banking industry. We are excited about our prospects for the future, as our next round of product and service initiatives will continue to expand our technology and service advantages to generate strong results on behalf of our clients.”
In 2012, six independent organizations recognized COCC for growth and excellence. American Banker recognized COCC as one of the 100 largest financial technology firms worldwide, and Inc. 5000 listed COCC among the 5000 fastest growing companies in the United States. The Hartford Courant and FoxCT named COCC a Top Workplace in Connecticut for the second consecutive year, and COCC was recognized by the Hartford Business Journal as one of Connecticut’s Best Places to Work in 2013. In addition, COCC’s Betsy Didan, First Vice President, was recognized by the Connecticut Technology Council as a Woman of Innovation in 2012 for increasing the speed and security of payments while eliminating the use of paper.
ABOUT COCC
COCC is an award-winning core processing service for financial institutions throughout the northeastern United States. One of the fastest growing companies of its kind in the nation, COCC was recently named one of Connecticut’s Best Places to Work. This follows praise from its Massachusetts clients who voted the company #1 in banking technology in 2012 and recognition as a 2011 and 2012 Top Workplace by the Hartford Courant and Fox CT. This client-owned company and member of this year’s Fintech 100 and Inc. 5000 provides a complete suite of innovative outsourced technology services based on an open, relational processing platform. With clients as owners, service comes first. For more information, please visit www.cocc.com.