eCredit Named to Second Annual AlwaysOn(TM) List of Top 100 Private Companies
-- Leading Credit and Collections Automation Vendor Recognized for Product Development Success and Growth of Customer Base --
DEDHAM, Mass., July 8 /PRNewswire/ -- eCredit, the leading provider of Web-based credit and collections automation applications, today announced its inclusion in the AlwaysOn (AO) Top 100 Private Companies list. AlwaysOn, an open source media company focused on technology and business innovation, and KPMG's emerging business practice, KPMG 1Start, compiled the second-annual AO100 list. The two groups surveyed more than 1,000 venture investors, investment bankers, top entrepreneurs and executives, who nominated more than 700 companies to determine the AO100 winners. The full list can be found at alwayson-network.com.
AlwaysOn and KPMG 1Start identified the 2004 AO100 companies based on their demonstrated leadership and innovation in at two key areas: market traction measured by revenue or customer growth and new approaches and technologies that are likely to cause significant change to existing markets and well- established players.
"Private company innovation is incredibly strong and continues to flourish. Over 50 of last year's AO100 companies returned to this year's list and 50 new companies have been selected that are well positioned to significantly contribute to the second-generation of the Internet," noted AlwaysOn founder Tony Perkins.
"We are honored to be recognized by AlwaysOn as a top private company," said Deepak Verma, eCredit chief executive officer. "Our success to date has been and will continue to be fueled by our experience, knowledge, and focus on developing technology to improve trade credit and collections management. We are rapidly growing our customer base on nFusion, our integrated credit and collections suite, and establishing strategic alliances with leading industry vendors and service providers. Our goal is to remain the undisputed leader in this emerging category."
AO100 winners will be honored at a reception on Tuesday, July 13, 2004 at the AlwaysOn Innovation Summit, taking place July 13-15 at the Frances C. Arrillaga Alumni Center on the Stanford University Campus. The event will feature over 60 keynote-level speakers, 15 sessions, 30 CEO Pitches and two days of conversation about what's driving the next wave of innovation. For more information visit: alwayson-network.com
About nFusion
eCredit nFusion is the most comprehensive Web-based credit and collections automation suite of applications available today. The nFusion suite offers credit and collections modules which can be utilized by themselves, or in a completely integrated and seamless environment. As a result, nFusion combines the power of credit decision automation, portfolio and customer risk analysis, and scoring with workflow management capabilities and collections automation features to streamline the financial value chain. As the only solution available today to truly integrate both collections and credit functionality, nFusion offers breakthrough advancements to improve business credit decision processes, reduce costs, optimize risk exposure, improve revenues, reduce DSO, accelerate cash flow and improve productivity.
About eCredit
Since 1993, eCredit has delivered credit risk management and collections software and services to Fortune 1000 companies and financial institutions. The company improves credit and collections decision-making practices to deliver process efficiencies, optimized risk management, reduced operating costs, and increased revenues. Included among the company's customers are ChevronTexaco, Cisco, CIT Group, Sun Microsystems, and Ryder System, Inc. Headquartered in Dedham, Massachusetts, eCredit is funded by Apex Venture Partners, Internet Capital Group (Nasdaq:ICGE), North Hill Ventures and Sterling Venture Partners. For additional information, visit eCredit on the Web at ecredit.com.
About AlwaysOn
AlwaysOn (AO) is an "open source media company" dedicated to connecting global leaders and technology industry insiders whose ideas and innovations are shaping the always-on world. Founded in January of 2003, AO is the first and only media brand to combine participatory journalism (blogging), with a powerful social network-the AO Zaibatsu. AO believes that individuals and businesses will increasingly use interactive media applications to "step over the head of the media" and communicate directly to customers, suppliers and employees. AlwaysOn, LLC, is a privately held and virtually headquartered company born out of the heart of Silicon Valley.
SOURCE eCredit
CO: eCredit
ST: Massachusetts
SU: AWD
Web site: ecredit.com
prnewswire.com
07/08/2004 09:01 EDT |
