GLASTONBURY, Conn. — Open Solutions Inc. has named a Siemens executive to the newly created position of president.
Stephen J. Cameron will report to Louis Hernandez Jr., Open Solutions chairman/CEO, and will be responsible for "day-to-day tactical operations, processes and company-wide organizational efficiencies," the company said.
The move will allow Hernandez to focus on overall corporate direction and strategies and his "ongoing interactions with Open Solutions' senior-level client executives and their boards of directors," the company said.
Cameron has more than 20 years of experience in leadership roles at technology and services-based organizations and most recently was chief operating officer/senior vice president of North American Outsourcing Services for Siemens IT Solutions and Services Inc.
There, he was responsible for a $700 million organization with more than 5,000 employees and a client list of Fortune 500 companies, Open Solutions said.
"As Open Solutions continues to grow, we continue to structure our organization to strategically manage our client growth and the increasing scale of our company," Hernandez said. "The addition of Stephen's operational experience and management skills will complement our strong senior management team and further help us to execute our operational initiatives, objectives and goals."
Growth Surges at VINtek
PHILADELPHIA — VINtek, a provider of automotive collateral, title management and direct finance technology solutions to credit unions, banks and other lenders, said it is experiencing record growth.
The company said it increased its client base to 664 clients in the 12-month period ended Oct. 31, a 199% jump. The number of credit union clients jumped 109% during the same period, from 112 to 234, the company said, adding that credit unions are the largest single segment in its client base.
"As we face the worst times to probably hit the automotive industry since the Great Depression of the 1930s, auto lenders are looking for better collateral management processes to mitigate their lending risks," said Larry Highbloom, president of VINtek (www.vintek.com).
The company was founded in 1990 and its suite of products includes lien-perfection services, automotive collateral management solutions and VIN decoding and vehicle valuation technologies.
Digital Dialogue Adds Staff
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AUBURBN HILLS, Mich. — Growing demand at Digital Dialogue has prompted the company to nearly double its office space and add 137 new employees in the past three months.
The call center and software services provider, a part of PSCU Financial Services, also said it has signed 31 credit unions so far this year and plans to hire an additional 120 staffers over the next year.
The new employees in the past three months include 122 member service representatives, three trainers, seven account managers and five IT staff members, the company said. Office space was increased 8,300 square feet to 17,600 square feet.
"Being located in Detroit, we have been fortunate enough to take advantage of the existing labor market. The demand for our call center services has enabled us to grow in an otherwise depressed economy. We expect to continue growing at this rate for years to come," said Peter Schmitt, president of Digital Dialogue.
The company began offering call center services about four years ago and now provides that service to more than 100 credit unions. Another 100 or so use the company's lending and new member enrollment software.
Digital Dialogue (www.digital-dialogue.com) serves credit unions ranging in size from $5 million to more than $6 billion in assets, including members of the Financial Services Center Cooperative.
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