Unedited news and product information from vendors.
ATTUS Achieves Increased Net Income and Total Revenues in 2010
Oct 11, 2010 (11:10 AM EDT)
Demand for Regulatory Compliance Software Solutions and Consulting Services Increases
ATTUS Expands into Larger Corporate Offices
CHARLOTTE, N.C., Oct. 11 /PRNewswire/ -- ATTUS Technologies, Inc., a leading provider of on-demand regulatory compliance solutions and consulting services, today announced its significant achievements for the first half of the current fiscal year. The company reported net income and total revenues grew by double digit increases compared to its previous fiscal year.
The Charlotte headquarters have expanded into 70% more office space at Suite 200, 13860 Ballantyne Corporate Place. This move signals ATTUS' positive outlook for the future combined with the strength of its regulatory compliance software and service offerings.
Financial institutions, as well as other businesses, with shrinking budgets are turning to ATTUS more often for cost efficient ways to streamline their compliance obligations. "The days when financial institutions could manually comply with their regulatory obligations are long gone. The stakes are too high and, quite frankly, in the end, manual processes are more expensive to maintain because they aren't efficient," said Tom Fedell, president and CEO of ATTUS Technologies, Inc. "Our approach, which our clients value, is to provide high quality, user friendly software and professional consulting services that seamlessly integrate into their existing technology and processes."
ATTUS opened its doors in 1998 featuring a desktop solution for managing compliance with the Office of Foreign Assets Control's (OFAC) restriction prohibiting all U.S. persons and organizations from doing business with sanctioned persons, entities or countries. Now, ATTUS offers a dozen web-based compliance solutions that facilitate compliance with today's most pressing regulatory issues, including the USA PATRIOT Act, the Gramm-Leach-Bliley Act (GLBA), the Bank Secrecy Act (BSA) and anti-money laundering (AML) laws, the FACT Act's Red Flag Rules, the Financial Crimes Enforcement Network (FinCEN) and Regulations CC and E.
In addition to its software solutions, ATTUS' Risk and Information Security Consulting Services (RISCS) group conducts seven different review services as well as educational seminars on prescient topics. "Our compliance experts are constantly watching the compliance landscape to identify emerging risks that could impact our client base so that we can help them mitigate those risks," added Fedell. "Our clients know they can depend on us for up-to-date compliance advice, the latest technology and top notch customer service."
ATTUS' growth has also fueled employment opportunities. Over the last three years, while many Charlotte businesses have been cutting back due to the recession, ATTUS has increased its staffing by almost 20% and it anticipates additional opportunities in the near and long term.
"In this economy, we know how fortunate we are to be experiencing such strong performance," said Keith Haskett, VP of Operations. "That success is not taken lightly. We strive to be a good corporate citizen by giving back to our community, especially those hit hardest by the recession." ATTUS has established an annual program for donating cash and volunteer hours to local charities that serve families and children in need.
About ATTUS Technologies, Inc.
ATTUS Technologies, Inc. is an industry leader in software and services for regulatory compliance, homeland security and fraud prevention. Over 4,500 financial institutions and other clients nationwide use ATTUS' solutions for compliance with the requirements of the Gramm-Leach-Bliley Act (GLBA), the USA PATRIOT Act, the Office of Foreign Assets Control (OFAC), the Financial Crimes Enforcement Network (FinCEN), anti-money laundering regulations, the Bank Secrecy Act (BSA), Regulation CC and Regulation E. ATTUS is based in Charlotte, North Carolina. For more information about ATTUS, visit www.attustech.com.
SOURCE ATTUS Technologies, Inc.