Software Vendor Corillian Hires Five Executives

Corillian Corp., an Internet banking software provider, has hired five senior managers.

The Beaverton, Ore., company said its work force has doubled in three months, to 100, and that its revenue has grown 230% in the past year.

"To grow the company we needed a strong management team, and that meant executive management and senior management who could do many things simultaneously," said Ted Spooner, chairman and chief executive officer, who worked at Checkfree Corp. before founding Corillian in 1997.

The hirings included that of Matthew Cone to be chief marketing officer. He had worked in the Transpoint electronic bill presentment venture and before that worked at Microsoft Corp., which owns Transpoint along with First Data Corp. and Citigroup.

Greg Martin has left Key Bank to become Corillian's vice president of strategic consulting. Tom Petrick, former vice president of business development at Integrion Financial Network, was named vice president of sales; David Moore, also from Integrion, was named vice president of professional services; and Thomas Kneubel, formerly with Visa U.S.A., was named regional sales executive.

Corillian has sold its flagship Voyager system to 25 financial institutions, including five of the top 50 banks and two of the top 10 credit unions. Its customers include Amsouth Bank of Birmingham, Ala.; Downey Savings and Loan Association of Newport Beach, Calif.; and Stockton Bank in Sacramento, Calif.

Corillian, which in May got $7 million of venture capital funding from Battery Ventures of Wellesley, Mass., is 55% owned by management and nonmanagement employees.