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.
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 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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SOURCE Altisource Portfolio Solutions S.A.