Growing sales and new products have prompted Akcelerant Software LLC to reorganize its management structure and announce plans to fill 13 new positions by the end of the year.
The Malvern, Pa., company now serves about 500 financial institutions in the U.S. and Canada and its growth has been spurred by the introduction of a new product line–Akcelerant Elements – and a loan origination system called SOLUTION.LENDING.
A smaller market version of its Akcelerant Framework enterprise software integration package, the Elements solution provides simplified, customizable functionality in an ala carte mode, the company said.
Collections Element is that platform’s first offering. Akcelerant first made its mark as a provider of collections software.
The company also said it has named five new senior vice presidents – over product management, product development, architecture, professional services and customer care – and promoted 11-year-employee Kathryn Thompson to chief financial officer, where she will oversee finance, human resources, legal and administrative areas, the company said.
The 13 new positions will span all areas of the operation, Akcelerant said. Company officials said growth has been strong, including 16 signings of new clients in the first half of the year.
“It is important that we proactively adjust our organizational structure to support such growth,” said President/CEO Jay Mossman. “Kathryn and the other members of Akcelerant’s management team exhibit strong leadership skills, and I am confident that they possess the talent and vision necessary to support this company as we continue to expand.”