Passageways Portal Provider Surges into 2006, Enterprise Messaging Up Next

WEST LAFAYETTE, Ind. – Passageways LLC has entered the new year on the strength of a 2005 that saw the portal provider nearly triple its business. The tech CUSO of $406 million Purdue Employees Federal Credit Union says it added 40 new users last year, more than doubling its client base and growing its overall business by more than 260%. Several of the new users of Passageways’ intranet and collaboration solutions are among the 100 largest credit unions in the country, including $2.1 billion Bethpage FCU of New York, Colorado’s $1.6 billion Bellco CU, $2.1 billion GTE FCU in Florida, California’s $865 million LBS Financial CU and $1.1 billion South Carolina FCU. Other highlights included signing Mid-Atlantic Corporate for a company-wide portal deployment, holding the 4-year-old company’s first client conference and $765 million State Employees Credit Union of Michigan winning the CUNA Technology Council best practices award for a jointly developed products/services module now in use at more than half of Passageways’ clients. “The year 2005 has been a break out year for us on multiple fronts. Plans for 2006 include staying the course with similar growth, launching new products and fostering this community of well over 10,000 portal users,” says Paroon Chadha, vice president of sales and implementation at Passageways (www.passageways.com.) Coming up next is an enterprise instant messaging solution now in beta at three of the company’s largest clients. Passageways is aiming for a production release at its March client conference.