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SOURCE Altisource Portfolio Solutions S.A.
Honor highlights company momentum including two acquisitions, the launch of a global tech accelerator and the hiring of top executives
LUXEMBOURG, Aug. 28, 2014 /PRNewswire/ -- Altisource Portfolio Solutions S.A. ("Altisource" and NASDAQ: ASPS), a software provider for the real estate and mortgage industries, today announced that it has been ranked one of Fortune's 100 fastest-growing companies for the second year in a row, continuing a recent surge of activity highlighted by two acquisitions, the launch of a global technology accelerator and the recruitment of top executive talent.
Altisource's software helps some of the world's largest and most influential financial companies tackle advanced data analytics, predictive consumer behavior modeling and business-process optimization. Altisource's rapid growth includes the acquisitions of Equator and Mortgage Builder and the launch of its global technology accelerator, Altisource Labs, with offices in Atlanta; Bangalore, India; and Boston, where the number of staff has jumped from 10 to 180 in just over a year. In addition, Altisource recently hired former Intel executive Girish Juneja as Chief Technology Officer and former DigitasLBi Boston and Detroit President Barbara Goose as global Chief Marketing Officer.
William B. Shepro, Chief Executive Officer of Altisource, said, "Inclusion on Fortune's list for the second consecutive year speaks not only to Altisource's continued growth but also to the state of the marketplace. More than ever, the financial services sector is primed for innovation and in need of advanced data analytics based solutions. Altisource is leading the way in delivering the technology and services these markets require."
Fortune's list ranks companies with market capitalization of $250 million or more based on revenue growth rate, earnings per share growth rate and three-year annualized total return for the period ended June 30, 2014. To view Altisource's profile, click here.
This press release contains forward-looking statements that involve a number of risks and uncertainties. Those forward-looking statements include all statements that are not historical fact, including statements about management's beliefs and expectations. Forward-looking statements are based on management's beliefs as well as assumptions made by and information currently available to management. Because such statements are based on expectations as to future economic performance and are not statements of historical fact, actual results may differ materially from those projected. The Company undertakes no obligation to update any forward-looking statements whether as a result of new information, future events or otherwise. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to: Altisource's ability to retain existing customers and attract new customers; general economic and market conditions; governmental regulations, taxes and policies; availability of adequate and timely sources of liquidity; and other risks and uncertainties detailed in the "Forward-Looking Statements," "Risk Factors" and other sections of the Company's Form 10-K and other filings with the Securities and Exchange Commission.
Altisource is a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries offering both distribution and content. We leverage proprietary business process, vendor and electronic payment management software and behavioral science based analytics to improve outcomes for marketplace participants. Altisource was named the 26th fastest growing global company by Fortune for 2014. Additional information is available at www.altisource.com.
About Altisource Labs
Altisource Labs provides compelling startup opportunities for premier technology talent to help build the next-generation of disruptive software solutions. Altisource Labs includes a global technology Accelerator where teams are incubating and accelerating the next wave of enterprise and Big Data software companies. To support its growth the Labs is hiring hundreds of technology professionals over the next 12 to 18 months, including executive, engineering, sales and product talent. For more information, visit www.altisourcelabs.com and follow @AltisourceLabs on Twitter, LinkedIn and Facebook.
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