CUTEK Exceeds First Year Expectations

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CUTEK, a financial technology consulting firm for credit unions (using Symitar's Episys system), reported it exceeded its first year expectations signing a total of 32 new clients during 2005.

Among its other accomplishments for the year included hiring Ray Pennisi as a senior consultant and launching its Correio AVS product. CUTEK also partnered with Xpress Data Inc. and BluePoint Solutions, all of which helped generate nearly $800,000 in revenue.

"I believe these numbers indicate a definite need for the type of services CUTEK provides," says Ron Murray, president of CUTEK. "We're pleased that we went forward and made the move to create an organization that helps fill this need."

CUTEK's plans for 2006 include staying the course with steady growth, launching new products, and continuing to provide the best service available to credit unions.

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