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eLynx to Surpass 2,000,000,000 Electronically Processed Document Pages — Helps Drive the Financial Services Industry to an Electronic Environment
April 22, 2008
CINCINNATI – April 22, 2008 – eLynx, a portfolio company of American Capital Strategies Ltd. (NASDAQ: ACAS), and provider of the most widely used secure electronic document communications network for the financial services industry, today announced a significant milestone for the company. On or about April 29, 2008, the eLynx document communications network will have processed, distributed and facilitated collaboration on a total of more than two billion pages of financial services documents. eLynx tracks the number of documents processed through the network on its Web site. To watch the numbers hit the milestone, view the ticker at www.elynx.com.
In 2007 alone, more than 12 million secure financial transactions – involving lenders, insurance carriers, agents and consumers – were electronically completed via eLynx document processing services. By moving to an electronic contracting environment, the company's financial services clients have experienced significant cost savings and increased compliance. Consumers appreciate the speed and convenience, too. And by doing away with the massive amount of paper historically involved, eLynx clients achieve substantial environmental benefits.
“eLynx remains committed to providing financial services enterprises with the very best in secure electronic document technology and services,” says Sharon Matthews, eLynx president and CEO. “But our commitment goes beyond that. We're making sure we're working as hard as we can to deliver real world financial performance while making a positive environmental impact. With over two billion secure, paperless documents processed – that's a stack of paper nearly eighty miles high – I think it's safe to say we have a sustainable model for removing paper from our customers’ operations.”
About eLynx
eLynx, a portfolio company of S&P 500 member American Capital Strategies Ltd. (NASDAQ: ACAS), provides the most widely used network for electronic document communications services for the financial services industry. Enterprises use eLynx to capture and maintain data electronically throughout the document life cycle, automating paper-intensive processes, improving workflow, reducing costs and ensuring compliance with industry regulations. eLynx serves more than 600 financial institutions including 17 of the top 20 mortgage lenders and more than 100 insurance carriers in the United States. eLynx enables more than 65 percent of the nation’s mortgage closings. In addition, more than 4,000 enterprises worldwide with more than 4 million users in a broad spectrum of industries use eLynx's print management solutions. The company, founded in 1994, operates nationally with headquarters in Cincinnati, Ohio and offices in Portland, Oregon along with redundant data centers in Beaverton, Oregon and Chicago, Illinois. For more information visit www.elynx.com.
For more information, please contact:
Robert Nilsson
Vice President of Marketing and Market Development
eLynx
rnilsson@elynx.com
Beverly Bartley
Martopia
Vice President of Communications
Media contact for eLynx
bbartley@martopia.com