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VantageILM Inc. Announces Investment by Momentum Venture Management
Publish Date : 2/20/2008 9:06:00 AM Source : IT and Management News Onlypunjab.com
VantageILM Inc. (www.vantageilm.com), a provider of integrated lender/leasing management solutions for finance firms, banks, leasing companies and credit unions, today announced a capital investment by Momentum Venture Management (www.mvmpartners.com), a Los Angeles company that helps entrepreneurs transform their technologies into viable, well-funded businesses. In addition to the funding round, Momentum Venture Management Managing Director Andy Wilson has been appointed as VantageILM’s interim CEO.
“For the past two years, VantageILM has been on the fast track developing one of the most powerful lender management solutions available today,” said Robert Yuan, president of VantageILM. “We’ve designed a one-stop solution for lender management with a software platform that puts every function of the loan and lease process into one easy-to-use platform. As VantageILM continues its fast-growth trajectory, Momentum Venture Management, and Andy’s experience specifically, will help guide us to help ensure our vision for success becomes a reality.”
“We feel that VantageILM is well positioned for its next stage of growth,” Wilson said. “The company plays a vital role in the loan market because it simplifies the lender-management process better than anything else on the market. In addition, its model -- hosted software delivered via a SaaS model -- is one that we feel has enormous potential because it gives users the best of both worlds in terms of speed, security and ease of use. Our goal is to take this great technology and approach and help build a path to long-term commercial success."
About VantageILM, Inc.
VantageILM (www.vantageilm.com) is an on-demand next-generation integrated loan/lease management software platform that puts origination, servicing, collections, recovery management, asset management, document management and accounting into one platform. Designed to handle all types of loans and leases, VantageILM addresses the intricacies and nuances of managing sub-, non-, and prime loans and portfolios for the entire life of the loan and the entire operations of a lender. Built by finance experts from the ground up, VantageILM is flexible and highly configurable and allows users to directly plug into the workflow a wide variety of key external data providers and systems, including credit bureaus, valuation services, identity verification and payment processors, among others. The company aims to empower lenders by offering a flexible and scalable platform that provides a high level of transparency and advanced workflow automation, all of which ease training, eliminates errors, improves communications and provides world-class, best-practice tools for portfolio analytics, risk management and operations control.
About Momentum Venture Management, LLC
Momentum Venture Management is a Los Angeles-based firm that helps early-stage companies achieve early business results and develop credibility in order to get funding and transform their ideas, technologies and products into sustainable, successful businesses. The company has taken more than a dozen early stage technologies companies through the early commercialization process |
Voxeo Announces Profitable 2004 - Accelerated by Strong Fourth Quarter Growth
Publish Date : 1/26/2005 1:10:00 PM
Voxeo Corporation, the leading provider of standards-based VoiceXML and CCXML IVR platforms and IVR hosting, announced today that it achieved profitability in 2004....
Matrix VC to invest in Indian tech firms
Publish Date : 1/26/2005 12:29:00 PM
Matrix Partners, the US-based leading venture capital firm, is scouting for technology start-ups and IT firms in the Indian subcontinent to make strategic investments.
Kochi info-tech venture not clinched
Publish Date : 1/26/2005 12:23:00 PM
A Rs-15 billion info-tech venture at Kochi with Dubai Internet City is yet to be cleared, Kerala Chief Minister Oommen Chandy said Tuesday.
Help just a call away for call centre workers
Publish Date : 1/26/2005 10:48:00 AM
Help may be finally at hand for scores of young call centre industry professionals in India who increasingly fall prey to ailments like insomnia, depression and digestive ....
New Edge Networks Hosts 2nd Seminar Series on Building Broadband Networks
Publish Date : 1/24/2005 12:42:00 PM
New Edge Networks will host its second cross-country seminar series for encouraging business customers and communications resellers how to build broadband networks ....
Siebel Systems to Participate in Webcast Press Conference, Hosted by Good Technology
Publish Date : 1/24/2005 12:40:00 PM
Siebel Systems, Inc. (NASDAQ:SEBL), a leading provider of business applications software, today announced that Ken Rudin, Vice President, Siebel CRM OnDemand....
Progressive Gaming Awarded Contract for CasinoLink System by Casino Ljubljana in Slovenia
Publish Date : 1/24/2005 11:03:00 AM
Progressive Gaming International Corporation (Nasdaq:PGIC) (the Company), a leading supplier of integrated casino management systems and games for the gaming industry worldwide....
Frost & Sullivan Honors Leaders in Information & Communications Technologies
Publish Date : 1/20/2005 11:17:00 AM
Frost & Sullivan honored industry leaders for outstanding performance at last week's 3rd annual Excellence in Information & Communications Technologies Awards Banquet ...
Gartner Says Strong Mobile Sales Lift Worldwide PC Shipments
Publish Date : 1/19/2005 10:54:00 AM
Worldwide PC shipments in 2004 increased 11.8 percent from 2003, due to strong mobile PC sales, according to preliminary results by Gartner, Inc.
IPIX Joins GTSI's InteGuard Physical Security Alliance
Publish Date : 1/19/2005 10:53:00 AM
IPIX Corporation (Nasdaq:IPIX), a premium supplier of visual intelligence technologies, has announced its membership in GTSI Corp.'s InteGuard(TM) Physical Security Alliance.
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