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Hitachi Helps Customers Improve Access to Unstructured Data and Reduce Costs with Network Attached Storage
Customers Cite Performance and Simplified Management as Key Factors in Selecting Hitachi over
Competitive Offerings SANTA CLARA, Calif. — September 8, 2010 — Hitachi Data Systems Corporation, a wholly owned subsidiary of Hitachi, Ltd. (NYSE: HIT), today announced enterprise customers across all industries are selecting the Hitachi Network Attached Storage (NAS) Platform over competitive solutions to help them access and protect unstructured data, such as email and video critical to their businesses, while reducing IT costs. With the Hitachi NAS platform as the file sharing, file server consolidation and data protection choice for enterprises, customers such as Pixorial and SquareTwo Financial benefit from robust consolidation and intelligent file tiering capabilities to minimize complexity in the data center. These consolidation and data protection capabilities are highly in demand and have driven approximately 200 percent growth in fiscal year 2009 for the Hitachi file and content portfolio compared to fiscal year 2008.
The increase of unstructured data, especially in industries such as healthcare, life sciences, entertainment and Internet services, is putting a strain on IT organizations who already have limited budgets and resources, to better and more quickly serve the needs of the business. At the same time, IT organizations are struggling to consolidate file servers with legacy NAS systems that do not have the scalability and performance capabilities needed to keep up with the demands of users. However, with the Hitachi NAS Platform, which is managing more than 40 petabytes of data with customers today, these enterprises can benefit from enhanced performance, scalability and simplified management to handle the most demanding data center application environments – all while lowering IT costs.
Pixorial: Exponential Growth Demands Optimal Performance with High Density Storage
A state-of-the-art, online video sharing platform, Pixorial allows consumers and organizations to easily send, upload, edit, organize and share videos. Pixorial also archives digital masters and estimates each customer video to be about seven gigabytes in size. With the volume and type of file sharing and management needed to support Pixorial’s growing business, the company implemented the Hitachi NAS Platform to manage its massive data growth and to provide high performance file sharing and tiering capabilities, decreasing overall costs per gigabyte and per square foot stored, while ensuring no service interruptions to maximize the customer experience.
“Our business model is based on cost per gigabyte per user by account subscriptions. This model helps us manage every opportunity as cost-effectively as possible while providing an easy to use video platform,” said Joshua Terry, vice president of systems engineering, Pixorial. “The Hitachi NAS Platform allowed us to build a storage infrastructure with the maximum amount of flexibility, density and capacity possible, while accommodating the high performance needs of our network.”
SquareTwo Financial: Scalable, Intelligent Storage Keeps Data Growth in Check
SquareTwo Financial’s unique business model, experienced leadership team and innovative use of technology make the company one of the most successful players in the US$40 billion asset recovery management industry. SquareTwo Financial creates an effective way for companies and consumers to swiftly resolve their fiscal commitments through the buying and selling of debt. The company gathers, assimilates and analyzes client information, managing and storing millions of case files, each one containing hundreds of records. Essential to its business, SquareTwo Financial must have instant access to all client data, prevent disk failure, data corruption and loss as well as keep client data available and secure until each case is closed or the debt is sold to comply with federal and state regulations.
To better manage its explosive year-over-year data growth, SquareTwo Financial implemented the Hitachi NAS Platform for centralized single-pane management of both block and file data. With a unified view of the data through a single interface that includes proactive performance monitoring and in-system and remote replication as well as dynamic provisioning capabilities, the Hitachi NAS Platform allows for the provisioning of new storage equipment in less than an hour.
“In addition to exceptional reliability, scalability and performance, we were looking for a NAS solution that could replicate between our data centers,” said Ken Vandenbark, vice president of IT operations and engineering, SquareTwo Financial. “We can now complete faster and easier backup and recovery and are able to keep our data current to within four hours of transactions, which allows for peace of mind from a compliance and litigation perspective.”
Web Resources
- HDS Blogs: http://blogs.hds.com/miki
- Pixorial: www.hds.com/assets/pdf/success-story-pixorial.pdf
- Hitachi NAS Platform: www.hds.com/products/storage-systems/network-attached-storage/hitachi-high-performance-nas-platform.html
- Follow us on Twitter: http://twitter.com/HDScorp
About Hitachi Data Systems
Hitachi Data Systems provides best-in-class information technologies, services and solutions that deliver compelling customer ROI, unmatched return on assets (ROA) and demonstrable business impact. With a vision that IT must be virtualized, automated, cloud-ready and sustainable, Hitachi Data Systems offers solutions that improve IT costs and agility. With more than 4,200 employees worldwide, Hitachi Data Systems does business in more than 100 countries and regions. Hitachi Data Systems products, services and solutions are trusted by the world’s leading enterprises, including more than 70 percent of the Fortune 100 and more than 80 percent of the Fortune Global 100. Hitachi Data Systems believes that data drives our world – and information is the new currency. To learn more, visit: http://www.hds.com.
About Hitachi, Ltd.
Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2009 (ended March 31, 2010) consolidated revenues totaled 8,968 billion yen (US$96.4 billion). Hitachi will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
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© Hitachi Data Systems Corporation 2010, Hitachi is a registered trademark of Hitachi, Ltd. and/or its affiliates in the United States and other countries. Hitachi Data Systems is a registered trademark and service mark of Hitachi, Ltd. in the United States and other countries.
Press Contacts: Hitachi Data Systems |
Lois Paul & Partners |
Brian Tuite, EVP and Chief Business Development Officer, Writes for ColoradoBiz
September 1, 2010
Brian Tuite, Executive Vice President and Chief Business Development Officer, writes for ColoradoBiz about the benefits of buying debt from a debt-buyer and the debt-buying industry.
To read the article, please click here.
SquareTwo Financial Hosts Industry-Leading Legal Conference
FOR IMMEDIATE RELEASE
SQUARETWO FINANCIAL HOSTS INDUSTRY-LEADING LEGAL CONFERENCE
Company provides knowledge and skills to succeed in challenging times
DENVER, Colo. – August 23, 2010 – SquareTwo Financial, a leader in the $40 billion asset recovery and management industry, today announces the successful completion of its annual legal conference, held last week in Denver, Colorado. This year’s event, “Building Skills for a New Age,” brought together top legal experts to share current industry trends, best practices, and continuing legal education. SquareTwo Financial hosted the event free of charge to all participants.
“Continuing education is at the core of our value system. To remain competitive, we strongly believe it is our responsibility to provide our employees and business partners opportunities to gain the knowledge and skills they need to succeed,” said Paul A. Larkins, CEO and president of SquareTwo Financial. “Our annual legal conference is just one way we fulfill our commitment to ongoing education and industry leadership.”
A network of attorney-owned franchises is the foundation of SquareTwo Financial’s business model. This unique framework has proven successful in the competitive asset recovery industry, while the company’s commitment to innovation and excellence further distinguishes SquareTwo Financial among its peers.
“We are deeply focused on supporting our franchises and business partners to succeed in a fast-changing business and legal environment,” said Thomas Good, general counsel and corporate secretary of SquareTwo Financial. “We are truly entering a new age in business, conditions have changed. Our legal conference provided participants specific tools to work effectively amidst the surge of recent legal, regulatory and economic transitions in the United States, and globally.”
“However,” Good continued, “we do not want to simply keep pace with change—the ultimate goal, for ourselves and our business partners, is to always remain ahead of the trends.”
About SquareTwo Financial:
SquareTwo Financial is a leader in the $40 billion asset recovery and management industry. Through its award-winning technology and unique Partners Network, SquareTwo Financial creates a more effective way for companies and consumers to resolve their debt commitments. Fortune 500 companies in the health care, automotive, banking and credit card industries trust SquareTwo Financial to manage their debt portfolios. The company’s national network of legal partners is dedicated to treating consumers fairly and ethically. SquareTwo Financial is based in Denver, Colo. Visit www.squaretwofinancial.com for more information.
SquareTwo Financial Website: www.squaretwofinancial.com
CONTACT:
Rick Roth
Chief Marketing Officer
SquareTwo Financial
303.713.2231
rroth@squaretwofinancial.com
SquareTwo Financial Raises Nearly $500 Million in Financing
FOR IMMEDIATE RELEASE
SQUARETWO FINANCIAL RAISES NEARLY $500 MILLION IN FINANCING
Company completes bond offering and secures new revolving credit facility
DENVER, Colo. – June 21, 2010 – SquareTwo Financial, a leader in the $40 billion asset recovery and management industry, today announces that the company has successfully completed a $475 million financing package. The money was raised from the sale of Senior Secured Second Lien notes and a new revolving credit facility.
In conjunction with the bond offering, SquareTwo Financial received a ‘B’ counterparty credit rating from Standard & Poor’s and an equivalent B2 Corporate Family Rating from Moody’s. The company’s unique, franchise-based attorney network was a key factor to its favorable credit rating.
“The fact that we could raise nearly half a billion dollars with terms that support growth in what is still considered a challenging economic environment is a testament to our unique business model and our position in the industry,” said Paul A. Larkins, president and CEO of SquareTwo Financial. “This is a clear vote of confidence in our ability to deliver consistent financial results.”
Proceeds from the bond offering and the new revolving credit facility will enable SquareTwo Financial to roll out a comprehensive, multi-year strategic plan. The company intends to use the additional funds raised to pay off current debt and expand its business.
About SquareTwo Financial
SquareTwo Financial is a leader in the $40 billion asset recovery and management industry. Through its award-winning technology and unique Partners Network, SquareTwo Financial creates a more effective way for companies and consumers to resolve their debt commitments. Fortune 500 companies in the health care, automotive, banking and credit card industries trust SquareTwo Financial to manage their debt portfolios. The company’s national network of legal partners is dedicated to treating consumers fairly and ethically. SquareTwo Financial is based in Denver, Colorado. Visit www.squaretwofinancial.com for more information.
SquareTwo Financial Website: www.squaretwofinancial.com
CONTACTS:
Cori Keeton Pope
Keeton PR
720-290-3252
cori@keetonpr.com
Stacey Hartmann
Keeton PR
303-880-8451
Stacey@keetonpr.com
SquareTwo Financial Launches "SquareTwo University" Comprehensive Educational Program for Employees and Partners
FOR IMMEDIATE RELEASE
DENVER, Colo. – May 10, 2010 – SquareTwo Financial, a leader in the $40 billion asset recovery and management industry, today announced the launch of its “SquareTwo University,” a comprehensive educational program to help employees achieve their professional development goals. SquareTwo University will also be available to the SquareTwo Financial Partners Network, a select group of legal and business professionals provided with the technology and tools for driving asset recovery.
“In this knowledge-based economy, the four-year degree is just the beginning of what should be a 40-year continuing education,” said Paul A. Larkins, the company’s president and CEO. “SquareTwo University is a comprehensive educational program to help our employees and partners adopt broader roles in technical areas, creative problem-solving and leadership. It is our commitment to the ongoing cultivation of insight and expertise throughout our organization.”
SquareTwo University – or “SquareTwoU” – is a high-level, strategic solution for planning, delivering and managing all learning events, including online, virtual classroom and instructor-led courses. SquareTwoU’s training catalog includes a broad range of professionally developed, computer-based training sessions on Leadership and Presentation Skills; Introduction to the Internet, Email and PC; Microsoft Office Software; Global Business Communication; Computer Technology, Professional Development, Compliance, and more.
“SquareTwo Financial knows the best companies place a high value on the development of their employees and partners and put in place programs to support continuing education,” said Kim M. Bingham, senior vice president of human resources and organizational development at SquareTwo Financial. “Now, because of our SquareTwo University learning center, our partners and employees have a wide variety of Internet-based e-learning opportunities at their disposal, with detailed instructions to help them every step of the way. In our fast-paced environment, this is a critical component to the continued success of our employees and partners.”
About SquareTwo Financial:
SquareTwo Financial is a leader in the $40 billion asset recovery and management industry. Through its award-winning technology and unique Partners Network, SquareTwo Financial creates a more effective way for companies and consumers to resolve their debt commitments. Fortune 500 companies in the health care, automotive, banking and credit card industries trust SquareTwo Financial to manage their debt portfolios. The company’s national network of legal partners is dedicated to treating consumers fairly and ethically. SquareTwo Financial is based in Denver, Colo. Visit www.squaretwofinancial.com for more information.
SquareTwo Financial Website: www.squaretwofinancial.com
CONTACTS:
Cori Keeton Pope
Keeton PR
720-290-3252
cori@keetonpr.com
Stacey Hartmann
Keeton PR
303-880-8451
Stacey@keetonpr.com
SquareTwo Financial Names William Weeks Senior Vice President, Chief Information Officer
DENVER, Colo. – May 3, 2010 – SquareTwo Financial, a leader in the $40 billion asset recovery and management industry, today announces William A. Weeks (Bill) as senior vice president and chief information officer. In this role, Weeks’ responsibilities include managing the company’s internal and external technical environments and leading SquareTwo Financial’s tech team.
“Bill has led global organizations through major transformational changes and is a great addition to our team,” said Paul A. Larkins, president and CEO of SquareTwo Financial. “I’ve had the opportunity to work closely with Bill in the past and I’m confident that his expertise will advance our leadership efforts in our technology disciplines as we support our growing debt buying and franchise partner organization.”
Prior to joining SquareTwo Financial, Weeks served as chief information officer of Key Equipment Finance since 2005. Prior to Key, he held executive positions in the IT arena with National City Commercial Capital, the Provident Bank, PCFS Mortgage Resources and Makino Incorporated.
“SquareTwo Financial’s investment in technology is one of the key factors differentiating the company from its competitors,” said Weeks. “I’m excited to be part of a fast-growing company that considers technological innovation a cornerstone to its success. From the technology resources developed for the Partners Network to the company’s proprietary analytics modeling, SquareTwo Financial is an undisputed tech leader in the debt buying industry.”
Weeks served in the United States Marine Corps. He has earned his Six Sigma certification and a Certificate in Executive Management from the University of Colorado in Boulder. In addition, he currently serves as the president of the Colorado Chapter of the Society for Information Management and is a member and mentor for the CIO Executive Council.
About SquareTwo Financial:
SquareTwo Financial is a leader in the $40 billion asset recovery and management industry. Through its award-winning technology and unique Partners Network, SquareTwo Financial creates a more effective way for companies and consumers to resolve their debt commitments. Fortune 500 companies in the health care, automotive, banking and credit card industries trust SquareTwo Financial to manage their debt portfolios. The company’s national network of legal partners is dedicated to treating consumers fairly and ethically. SquareTwo Financial is based in Denver, Colo. Visit www.squaretwofinancial.com for more information.
SquareTwo Financial Website: www.squaretwofinancial.com
CONTACTS:
Cori Keeton Pope
Keeton PR
720-290-3252
cori@keetonpr.com
Stacey Hartmann
Keeton PR
303-880-8451
Stacey@keetonpr.com
SquareTwo Financial Receives Positive Credit Rating
FOR IMMEDIATE RELEASE
SQUARETWO FINANCIAL RECEIVES POSITIVE CREDIT RATING
Moody’s, Standard & Poor’s list company’s unique business model
and position as industry leader as key factors to favorable credit rating
DENVER, Colo. – April 26, 2010 – SquareTwo Financial, a leader in the $40 billion asset recovery and management industry, today announces that the company has received a positive credit rating from debt-rating agencies Moody’s and Standard & Poor’s. At the same time, both agencies assigned positive ratings to SquareTwo Financial’s proposed issuance of $300 million in senior secured second-lien notes.
SquareTwo Financial received a ‘B’ counterparty credit rating from Standard & Poor’s and an equivalent B2 Corporate Family Rating from Moody’s. The company’s unique, franchise-based collections network was a key factor to its favorable credit rating.
“SquareTwo’s network of attorney-owned franchises has proven to be an efficient collections model for the company,” said Curt Beaudouin, vice president and senior analyst for Moody’s.
According to the analysts at Moody’s and Standard & Poor’s, some of the other factors contributing to SquareTwo Financial’s favorable rating include:
- The company’s extensive track record and experienced management team;
- Its position as one of the leading players in the charged off consumer debt management industry; and
- Favorable market conditions and an improving economy.
“I am pleased with the ratings that we received from both Moody’s and Standard & Poor’s,” said Paul A. Larkins, president and CEO of SquareTwo Financial. “We’ve made great strides over the past year, rolling out a new strategic plan, hiring a new executive team and continuing our significant investments in technology. A strong credit rating is one more indication that SquareTwo Financial is well positioned within the debt buying industry and poised for growth.”
About SquareTwo Financial
SquareTwo Financial is a leader in the $40 billion asset recovery and management industry. Through its award-winning technology and unique Partners Network, SquareTwo Financial creates a more effective way for companies and consumers to resolve their debt commitments. Fortune 500 companies in the health care, automotive, banking and credit card industries trust SquareTwo Financial to manage their debt portfolios. The company’s national network of legal partners is dedicated to treating consumers fairly and ethically. SquareTwo Financial is based in Denver, Colorado. Visit www.squaretwofinancial.com for more information.
SquareTwo Financial Website: www.squaretwofinancial.com
CONTACTS:
Cori Keeton Pope
Keeton PR
720-290-3252
cori@keetonpr.com
Stacey Hartmann
Keeton PR
303-880-8451
Stacey@keetonpr.com
SquareTwo Financial Names J.B. Richardson Vice President, Strategic Development
FOR IMMEDIATE RELEASE
DENVER, Colo. – March 29, 2010 – SquareTwo Financial, a leader in the $40 billion asset recovery and management industry, today announces J.B. Richardson Jr. as its vice president of strategic development. In this role, Richardson will lead development initiatives for the SquareTwo Financial Partners Network, a select group of legal and business professionals provided with the technology and tools for driving asset recovery.
“J.B. is the driver behind many of the highly successful initiatives underway for SquareTwo Financial’s Partners Network,” said Paul A. Larkins, the company’s president and CEO. “He now will lead efforts to deepen our partners’ competitive advantages, take ownership of our franchise support tools, and spearhead new business development opportunities nationally.”
Prior to joining SquareTwo Financial, Richardson was an associate with KRG Capital Partners LLC and an investment-banking analyst for the consumer and retail group of Wachovia Capital Markets.
“I relish the opportunity to expand our Partners Network throughout the United States,” Richardson said. “We continue to design and implement new professional tools and powerful products to optimize our partners’ operations and support their growth. I look forward to delivering these and other exciting initiatives for the mutual success of SquareTwo Financial and our innovative network of partners.”
Richardson has a bachelor’s degree in economics and commerce from Hampden-Sydney College.
About SquareTwo Financial:
SquareTwo Financial is a leader in the $40 billion asset recovery and management industry. Through its award-winning technology and unique Partners Network, SquareTwo Financial creates a more effective way for companies and consumers to resolve their debt commitments. Fortune 500 companies in the health care, automotive, banking and credit card industries trust SquareTwo Financial to manage their debt portfolios. The company’s national network of legal partners is dedicated to treating consumers fairly and ethically. SquareTwo Financial is based in Denver, Colo. Visit www.squaretwofinancial.com for more information.
SquareTwo Financial Website: www.squaretwofinancial.com
CONTACTS:
Cori Keeton Pope
Keeton PR
720-290-3252
cori@keetonpr.com
Stacey Hartmann
Keeton PR
303-880-8451
Stacey@keetonpr.com
SquareTwo Financial Names Kim M. Bingham Senior Vice President, Human Resources and Organizational Development
FOR IMMEDIATE RELEASE
SquareTwo Financial Names Kim M. Bingham
Senior Vice President, Human Resources and Organizational Development
DENVER, Colo. – March 8, 2010 – SquareTwo Financial, a leader in the $40 billion asset recovery and management industry, today announces the promotion of Kim M. Bingham to senior vice president of human resources and organizational development. In this role, Bingham is accountable for the development and implementation of all human resources policies and programs for the company, including employment, orientation and training, employee relations, benefits, EEO compliance, organizational development, relocation and facility management.
“Since joining SquareTwo Financial in 2007, Kim has brought to our organization a real passion for human capital development, as well as 20 years of expertise in recruiting, planning and executive coaching,” said Paul A. Larkins, SquareTwo Financial’s president and chief executive officer. “Her promotion reflects not only the many contributions she’s made in her time here but also acknowledges her significant efforts in the development and delivery of our SquareTwo University Learning Center, which benefits both our employees and our Partners Network.”
Prior to joining SquareTwo Financial, Bingham served in several human resources as well as training and development roles with Budget Car & Truck Rental, The Hibbert Group and the major electronics industry on the East Coast.
Bingham is a director on the board of the Rocky Mountain Chapter of the American Society for Training & Development and serves as vice president of sponsorship. She has been a national member since 2000.
“My team is very excited about all of the opportunities our company has embarked on,” Bingham said. “Our SquareTwo University will be a world-class learning center. We have hired a professional instructional design staff, and they are working diligently to develop coursework for our employees and our partners. The power of learning is an invaluable tool for all of us. I am thrilled to be assisting our business partners in accelerating assets back to black.”
About SquareTwo Financial
SquareTwo Financial is a leader in the $40 billion asset recovery and management industry. Through its award-winning technology and unique Partners Network, SquareTwo Financial creates a more effective way for companies and consumers to resolve their debt commitments. Fortune 500 companies in the health care, automotive, banking and credit card industries trust SquareTwo Financial to manage their debt portfolios. The company’s national network of legal partners is dedicated to treating consumers fairly and ethically. SquareTwo Financial is based in Denver, Colorado. Visit www.squaretwofinancial.com for more information.
SquareTwo Financial Website: www.squaretwofinancial.com
CONTACTS:
Cori Keeton Pope
Keeton PR
720-290-3252
cori@keetonpr.com
Stacey Hartmann
Keeton PR
303-880-8451
stacey@keetonpr.com
SquareTwo Financial Names Rick Roth Chief Marketing Officer
FOR IMMEDIATE RELEASE
DENVER, Colo. – March 1, 2010 – SquareTwo Financial, a leader in the $40 billion asset recovery and management industry, today announces Rick Roth as its chief marketing officer. In this role, Roth leads corporate communications, marketing, media relations, branding and strategic positioning.
“Rick is a dynamic team builder and brand creator who brings more than 20 years of experience in global marketing, corporate communications and strategic brand positioning,” said Paul A. Larkins, president and CEO of SquareTwo Financial. “Rick spearheaded our recent rebranding to SquareTwo Financial, a name and image that strongly conveys our 16 years of leadership and technological innovation in the distressed debt marketplace. Rick’s innovative marketing plan will help launch SquareTwo Financial to new heights of success, and I look forward to seeing this vision fully realized.”
Prior to joining SquareTwo Financial, Roth led global marketing and communications for three public companies in the Fortune 1000. Most recently, he was first vice president of global marketing for ProLogis Corp. Previously, he was vice president of global marketing and communications at Level 3 Communications and vice president of marketing and investor relations at Corporate Express. Roth began his career in journalism, including news management positions for both CBS News in St. Louis and CNN News in Los Angeles.
“Developing the SquareTwo Financial brand is the first of many strategic moves to both broaden and deepen our position in the financial and management industry,” Roth said. “This brand platform strengthens our ability to deliver to Fortune 1000 companies the distinct advantages of our analytic modeling and unique Partners Network. It is a great time to be part of this impressive organization.”
About SquareTwo Financial:
SquareTwo Financial is a leader in the $40 billion asset recovery and management industry. Through its award-winning technology and unique Partners Network, SquareTwo Financial creates a more effective way for companies and consumers to resolve their debt commitments. Fortune 500 companies in the health care, automotive, banking and credit card industries trust SquareTwo Financial to manage their debt portfolios. The company’s national network of legal partners is dedicated to treating consumers fairly and ethically. SquareTwo Financial is based in Denver, Colo. Visit www.squaretwofinancial.com for more information.
SquareTwo Financial Website: www.squaretwofinancial.com
CONTACTS:
Cori Keeton Pope
Keeton PR
720-290-3252
cori@keetonpr.com
Stacey Hartmann
Keeton PR
303-880-8451
Stacey@keetonpr.com
SAS Helps SquareTwo Financial Recover Charged-Off Assets Through Better Data Analysis
CARY, NC (Feb. 23, 2010) – SquareTwo Financial, a leader in the $40 billion asset recovery and management industry, selected SAS, the leader in business analytics software and services, to help make better real-time business decisions. Numerous variables affect the success potential of SquareTwo Financial’s business and a main concern was more effective and efficient data analysis paired with its unique asset recovery model to recover charged-off assets.
“Our rich repository of data and industry-leading analytic modeling is one of our strongest competitive advantages, and we need the ability to run very sophisticated models that are dynamic and scalable,” said L. Heath Sampson, Chief Financial Officer at SquareTwo Financial. “SAS is a leader in providing the solutions that help our talented analysts spend less time coding and more time testing and supporting business decisions.”
SquareTwo Financial plans to run SAS predictive technologies, SAS® Enterprise MinerTM and SAS® Forecast Server, in a powerful grid environment to accelerate charged-off debt from red to black. Since the firm’s financial services business is data-driven, SquareTwo Financial can gain a significant advantage by using powerful analytics to turn internal and external data into accurate business information in real time.
“Although we will save multiple full-time employee hours because we can model better and faster, the real monetary benefit comes because we can make better business decisions on the revenue, which we expect to be in the millions,” said Sampson. “SquareTwo Financial believes all assets deserve a second chance, and with SAS in our arsenal and an innovative approach to recovery, our goal is to bring our customers’ assets back to black.”
SAS Enterprise Miner streamlines the data mining process to create highly accurate predictive and descriptive models based on analysis of vast amounts of data from across the enterprise. SAS Forecast Server generates large quantities of high-quality forecasts quickly and automatically, allowing organizations to plan more effectively for the future.
“With SAS, SquareTwo Financial will be able to discover the diamonds in the data that will help them continue to make the best possible business decisions,” said David M. Wallace, Global Financial Services Marketing Manager at SAS. “SquareTwo Financial’s staff can now accelerate asset recoveries with advanced analytical modeling and forecasting solutions from SAS.”
SquareTwo Financial employs a proven process-oriented approach to asset recovery, and highly sophisticated, technology-driven asset modeling and pricing. This allows the company to provide fast, accurate bids to customers, and a high probability portfolio recovery rate. Partners enjoy a well-structured relationship with the company, which provides the technology and tools to help them thrive.
“SquareTwo Financial provides a service that is more important to banks, health care organizations and corporations now than ever before,” said Wallace. “From its innovative, partner-driven business model, to its industry-leading focus on analytics and data modeling, SquareTwo Financial is a leader in the financial services industry. It is our pleasure to work with clients like SquareTwo Financial who share our commitment to sophisticated data analysis.”
About SquareTwo Financial
SquareTwo Financial is a leader in the $40 billion asset recovery and management industry. Through its award-winning technology and unique Partners Network, SquareTwo Financial creates a more effective way for companies and consumers to resolve their debt commitments. FORTUNE 500® companies in the health care, automotive, banking and credit card industries trust SquareTwo Financial to manage their debt portfolios. The company’s national network of legal partners is dedicated to treating consumers fairly and ethically. SquareTwo Financial is based in Denver. Visit www.squaretwofinancial.com for more information.
About SAS
SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions delivered within an integrated framework, SAS helps customers at more than 45,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world THE POWER TO KNOW®. SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2010 SAS Institute Inc. All rights reserved.
Editorial Contact:
Kris Balic
Kris.Balic@sas.com
919- 531-0624
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SquareTwo Financial Names Brian W. Tuite Chief Business Development Officer
FOR IMMEDIATE RELEASE
SquareTwo Financial Names Brian W. Tuite Chief Business Development Officer
DENVER, Colo. – February 16, 2010 – SquareTwo Financial, a leader in the $40 billion asset recovery and management industry, today announces Brian W. Tuite as its chief business development officer. In this role, Tuite will oversee the company’s sales and acquisitions operations.
“Brian brings to SquareTwo Financial a wealth of business development experience gained over 17 years in senior sales leadership roles,” said Paul A. Larkins, SquareTwo Financial’s president and CEO. “Brian has a proven, results-oriented track record leveraging his broad base of skills, honed in a variety of sales, marketing and analytical functions. I look forward to working closely with him as SquareTwo Financial grows and diversifies bringing even greater advantages to the distressed asset industry.”
Tuite comes to SquareTwo Financial from Bank of America’s credit card division, where he served since the company’s acquisition of MBNA as a sales and marketing executive in the Affinity Card and Latin America credit card businesses. Previously, he spent 14 years in positions of increasing responsibility with MBNA, ultimately serving as senior executive vice president, customer marketing director and customer segmentation leader.
“I see an enormous opportunity in the marketplace for the expansion of SquareTwo Financial,” Tuite said. “I look forward to growing our existing relationships with many of the largest financial institutions in the country and making it possible for more financial services companies to tap into the power of our analytic modeling, technological innovations and unique Partners Network, which employs best-in-class strategies to drive asset recovery.”
Tuite has a bachelor’s degree in business administration from the University of Oklahoma.
About SquareTwo Financial
SquareTwo Financial is a leader in the $40 billion asset recovery and management industry. Through its award-winning technology and unique Partners Network, SquareTwo Financial creates a more effective way for companies and consumers to resolve their debt commitments. Fortune 500 companies in the health care, automotive, banking and credit card industries trust SquareTwo Financial to manage their debt portfolios. The company’s national network of legal partners is dedicated to treating consumers fairly and ethically. SquareTwo Financial is based in Denver, Colorado. Visit www.squaretwofinancial.com for more information.
SquareTwo Financial Website: www.squaretwofinancial.com
CONTACTS:
Cori Keeton Pope
Keeton PR
303-282-4981
cori@keetonpr.com
Stacey Hartmann
Keeton PR
303-880-8451
stacey@keetonpr.com
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SquareTwo Financial Names L. Heath Sampson Chief Financial Officer
DENVER, Colo. – February 8, 2010 - SquareTwo Financial, a leader in the $40 billion asset recovery and management industry, today announces L. Heath Sampson as its chief financial officer. In this role, Sampson will oversee all financial matters of the company, including financial planning and analysis, technical accounting, financial accounting, corporate controller, analytics, internal controls and payment processing.
“Heath comes to SquareTwo Financial with 16 years of senior financial leadership experience and a strategic mindset that will undoubtedly benefit our clients who need their distressed assets made whole,” said Paul A. Larkins, SquareTwo Financial’s president and CEO. “He is a dynamic and progressive executive who brings a laser focus to our industry-leading financial expertise in asset recovery.”
Sampson joined SquareTwo Financial from First Data Corp., where he was CFO of the $2.5 billion Financial Services subsidiary since 2008. He joined First Data in 2002 as vice president of risk, control and audit until 2006, when he was named CFO of First Data’s Integrated Payment Systems division, which was followed by his 2007 appointment as CFO of the company’s Innovative Payments Group. Previously, he was a senior manager in financial audit, business consulting and risk consulting at Arthur Andersen LLP, which he joined in 1994.
“I look forward to providing financial leadership to SquareTwo Financial as it sets an unmatchable pace in acquiring distressed portfolios from financial services companies and assisting businesses and individuals alike in restoring financial health,” Sampson said. “I am excited to be a part of an organization with such a passion for turning red assets back to black, especially at a time when the recovery of our economy is paramount.”
Sampson has a bachelor’s degree in accountancy and an MBA (accounting) from Denver University.
About SquareTwo Financial
SquareTwo Financial is a leader in the $40 billion asset recovery and management industry. Through its award-winning technology and unique Partners Network, SquareTwo Financial creates a more effective way for companies and consumers to resolve their debt commitments. Fortune 500 companies in the health care, automotive, banking and credit card industries trust SquareTwo Financial to manage their debt portfolios. The company’s national network of legal partners is dedicated to treating consumers fairly and ethically. SquareTwo Financial is based in Denver, Colorado. Visit www.squaretwofinancial.com for more information.
SquareTwo Financial Website: www.squaretwofinancial.com
CONTACT:
Cori Keeton Pope
Keeton PR
720-290-3252
cori@keetonpr.com
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SquareTwo Financial Names Paul A. Larkins CEO
For Immediate Release
DENVER, Colo. – Feb. 2, 2010 – SquareTwo Financial, a leader in the $40 billion asset recovery and management industry, today announces Paul A. Larkins as its chief executive officer.
In this expanded role, Larkins will oversee all aspects of SquareTwo Financial’s business of making distressed assets whole through industry-leading analytic modeling, award-winning technology and a pioneering Partners Network that works directly with individuals to remedy their outstanding debt.
A 25-year veteran of the financial services industry, Larkins will guide SquareTwo Financial’s consumer, commercial, healthcare and Canadian business lines as they acquire distressed portfolios from financial institutions and return those assets back to productive use.
“Since joining our team 10 months ago as president, Paul has propelled our organization into the most exciting phase of its 16-year history,” said Scott Lowery, SquareTwo Financial’s founder and chairman. “In this additional role of CEO, Paul will utilize his dynamic leadership style, deep industry knowledge and innovative ideas for even greater impact within both our organization and the financial services industry as a whole.” Larkins will continue as the company’s president.
Prior to SquareTwo Financial, Larkins served as president and CEO of Key National Finance, and executive vice president of KeyCorp. Key National Finance was comprised of Key Equipment Finance, Key Auto Finance, Key Education Resources, Key Recreation Lending, Key Home Improvement and Key Payroll Online. Larkins joined Key in 1993, and was a member of the Executive Council of KeyCorp (parent company). Before joining Key, Larkins worked for USL Capital and IBM in regional and national capacities.
“Now, more than ever, managing charged-off assets is extremely important to our clients, which are primarily banks and financial services companies,” Larkins said. “I am excited to have the opportunity to lead our team as we help our clients find ways to give assets a second chance utilizing our unmatched analytics, operations and innovative technology applications to drive asset recovery. I am confident we will continue to set ourselves apart from the competition with our unique Partners Network and its proven, scalable business model.”
Larkins received his Bachelor of Science degree in Economics and Business Administration from St. Mary’s College of California. Additionally, he is a graduate of the Institute of Leasing Management at Columbia University and the Stonier Graduate School of Banking at the University of Delaware. Larkins serves as a member of the board of the Leeds School of Business at the University of Colorado at Boulder.
About SquareTwo Financial:
SquareTwo Financial is a leader in the $40 billion asset recovery and management industry. Through its award-winning technology and unique Partners Network, SquareTwo Financial creates a more effective way for companies and consumers to resolve their debt commitments. Fortune 500 companies in the health care, automotive, banking and credit card industries trust SquareTwo Financial to manage their debt portfolios. The company’s national network of legal partners is dedicated to treating consumers fairly and ethically. SquareTwo Financial is based in Denver, Colo. Visit www.squaretwofinancial.com for more information.
SquareTwo Financial Website: www.squaretwofinancial.com
CONTACTS:
Cori Keeton Pope
Keeton PR
720-290-3252
cori@keetonpr.com
Stacey Hartmann
Keeton PR
303-880-8451
Stacey@keetonpr.com