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eLynx Completes Strong Year of Company Growth
January 18, 2006
- Continued revenue and volume growth, new customers, new products, and expansion of executive management team signify successful 2005 -
2005 marked a significant year for eLynx Ltd., a leading provider of secure document delivery and business process management Web services for the financial services industry, with the company realizing a continued double digit increase in revenues and message processing volumes, fueled primarily by the addition of 15 new clients and expansion within its existing customer base.
Following the significant December 2004 strategic investment in eLynx by American Capital Strategies Ltd. (Nasdaq: ACAS), 2005 represented a pivotal year in the strategic growth of the company as it moved from its established position within the mortgage finance market into additional vertical markets including general financial services, auto finance, consumer lending and insurance.
"To assist our expansion into new marketplaces, we launched new services that enable document storage, collaboration, and electronic disclosures and signatures. We also brought to market our simpliFAX™ service which enables paper-based content to be faxed into our ePortal," said Robert Nilsson, vice president of Business Development of eLynx.
eLynx’ supporting infrastructure was enhanced by the addition of a second data center, the expansion of the company’s headquarters, and a significant investment in its human capital, with the addition of Robert Nilsson as vice president of Business Development and Harry Dressler as the new vice president of Operations. Both are industry veterans and, cumulatively, bring more than three decades of proven experience in the IT industry to their positions.
"The strategic vision and commitment of eLynx is to empower companies to more efficiently and more cost effectively manage all aspects of document management and delivery as we move into new vertical markets," said Phil Huff, president and CEO of eLynx. "We are committed to bringing even higher levels of success and expertise to our customers, and I believe that the staff and technology investments made in 2005 provide a substantial foundation on which to support the future growth of eLynx. Our expectations are that 2006 will represent a year of even more exponential growth for our company as we continue to expand our presence within the financial services marketplace."
About eLynx
eLynx (www.elynx.com) is a leading provider of web services that enable document delivery and process management services. We enable enterprises to capture content from any source and present it instantly using the Web, providing innovative new technology alternatives to paper-intensive processes. Fourteen of the nation’s top twenty lenders rely on eLynx to communicate with their customers and collaborate with their business partners quickly, securely, and reliably. eLynx was founded in 1994 to serve the Mortgage Banking industry. In 2005, eLynx processed over 25 million secure messages while focusing on the financial services marketplace.