LUXEMBOURG, Aug. 21, 2014 /PRNewswire/ -- Altisource
Portfolio Solutions S.A. ("Altisource" and NASDAQ: ASPS), a premier
marketplace and transaction solutions provider for the real estate
and mortgage industries, today announced the grand opening of its
new technology campus in Pritech Park on Outer Ring Road,
Bangalore. The new campus doubles
the company's available space and is the new home to Altisource
Labs India ("Labs"), its global technology innovation Accelerator.
The Labs, with offices in Boston
and Atlanta, continues its global
expansion with this third location. Altisource Labs India plans to
hire 500 technology professionals in 2014 and is aggressively
recruiting the region's top software architects, Java engineers,
product managers, consumer analytics experts and software
implementation consultants.
Altisource Labs India is positioned to be a leading enterprise
software and Big Data player in Bangalore. The opening of the Labs in
India supports the company's rapid
business growth and expanding investments in its software
portfolio. Altisource was recently named the 20th
fastest growing global company by Fortune.
"With the addition of Bangalore
to the Labs global network, we are committed to building some of
the most disruptive enterprise software for the real estate and
banking industries from our new facility in Pritech Park," said
Ranga Shetty, Vice President of
Engineering at Altisource and a former Yahoo executive.
"The time to join Altisource Labs India is now," said Girish
Juneja, Chief Technology Officer at Altisource and a former Intel
executive. "The commitment is real and ultra-ambitious, and I am
delighted to be a part of it along with some the best and brightest
minds in the world that have joined us right here in Bangalore."
Altisource's software helps some of the world's largest and most
influential financial institutions tackle challenges related to
advanced data analytics, predictive consumer behavior modeling and
business-process optimization. In Bangalore, the Labs is seeking the region's
best talent to help build sophisticated marketplace and analytics
software.
Forward-Looking Statements
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.
About Altisource
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 20th
fastest growing global company by Fortune for 2013.
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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SOURCE Altisource