Redmond, WA – Oct 7, 2011– AscendoSoft Inc., a leading provider of software and solutions in the credit union and banking market, today announced it is celebrating its second anniversary with over twenty customers. AscendoSoft’s customers include institutions ranging in assets from $120M to over $9B, representing over $35B in total assets. AscendoSoft believes that credit unions and community banks are key to economic and community growth and strives to help them solve critical operational and compliance issues. AscendoSoft recently added a significant number of customers, including Los Angeles Firemen’s Credit Union, First Place Bank, Smart Financial Credit Union, and Claremont Savings Bank.
“With the completion of our second year, we feel that we are poised to continue our strong growth. Our first year was focused on establishing our business and base clientele, while year two focus was on revenue growth and expanding our AscendoSoft brand.” said Brian Miller, COO of AscendoSoft Inc. “We have introduced new products and solutions, expanded marketing and sales efforts, and successfully implemented our solutions at several customer sites. These have all been important factors in spearheading our growth. Look for us to release more solutions and expand further into new markets in the coming year.”
In this past year alone, AscendoSoft has more than doubled their customer count, while increasing revenue over 100%. In 2011, AscendoSoft released a new product, DataMasque, and expanded its Address Cleansing Solution to provide additional back-office workflow benefits to bank and credit union operations staff.
Jim Holck, AscendoSoft CSO, adds “Our new data masking product, DataMasque, was launched earlier this year and we already have several customers using it. Our customers purchased DataMasque to help improve their data privacy compliance and avoid the potential of a data breach. DataMasque ensures that data in non-production environments is obfuscated, so Personally Identifiable Information, like names, social security, date of birth, etc. cannot be used for identity theft.”
“We continue to expand our solutions by investing significantly in research and development.” stated Alex Givens, CTO of AscendoSoft. “We allocated valuable resources to developing our DataMasque solution for the Open Solutions DNA core application. The solution has been well received by institutions that are concerned about using live data in their training environment. We are also expanding our Address Cleansing solution and developing some exciting new products for the upcoming year.”
About AscendoSoft Inc. – AscendoSoft specializes in providing software solutions and professional services to various vertical markets, focusing on the credit unions and community banks. AscendoSoft offers a Data Masking solution to assist businesses with protecting personally identifiable information in non-production environments. AscendoSoft also provides a solution for address cleansing, workflow improvements, and address intelligence which integrates with vertical business applications. Our Professional Services team provides consulting for a wide variety of business automation issues, with a focus on AppWorx/UC4. Sample customers include Meritrust Credit Union, BECU, First Tech Federal Credit Union, Seattle Metropolitan Credit Union, AllSouth Federal Credit Union and OmniAmerican Bank. AscendoSoft Inc. is located in Redmond, WA.