Akcelerant Software LLC said it added nearly 40 new customers in 2010 and now is nearing 60% penetration of the market for credit unions exceeding $1 billion in assets.
The new customers all signed up to use the company's Akcelerant Framework, which provides management technology for collections, recovery, lending and sales service.
Helping its presence in the large credit union market were three of its newest clients, $7.5 billion Alliant CU in Chicago, $5 billion San Diego County CU in San Diego and $1.3 billion Truliant CU in Winston-Salem, N.C., the company said.
The company expects to continue its investment in new products and functionality in 2011, it said. Akcelerant has offices in Malvern, Pa., and Vancouver, British Columbia, and now serves about 500 financial institutions.