SOURCE: Portellus, Inc.

August 28, 2007 08:37 ET

Headstrong and Portellus Form Strategic Alliance

Global Consultancy Firm and Leading Rules-Based Solutions Provider to Cross Leverage Their Financial Services Domain Expertise

WASHINGTON, DC and IRVINE, CA--(Marketwire - August 28, 2007) - Headstrong Services LLC, a global business consulting and IT solutions firm, and Portellus Inc., a leader in business-user driven change-management solutions, today announced the formalization of a strategic alliance between the two companies. The partnership combines proven and acclaimed products from Portellus with the strong advisory and multi-shore implementation capability of Headstrong to address large-scale technology projects within major financial services institutions.

Portellus' next-generation Business Rules Management System (BRMS) delivers unmatched enterprise-wide agility to organizations faced with constantly evolving business logic by empowering business users with the ability to author, test and deploy complex business rules on the fly.

Headstrong is well reputed globally for its proficiency in helping financial services and capital market institutions develop, implement and manage strategic as well as large scale institution-wide IT projects. Headstrong leverages its unique domain focused Distributed Consulting™ Model and its strong heritage of program and project management, onshore and offshore technology implementation expertise and global BPO capabilities to deliver optimal solutions at the right time and at the best price.

The partnership between Headstrong and Portellus is welcome news to companies who are looking to streamline business processes and reduce costs in an integrated fashion. The partnership will help clients react rapidly to sudden or unforeseen market forces while keeping their focus on the core business rather then worrying about technology changes that affect it.

"Portellus was introduced to Headstrong's vast capabilities through a shared top tier global financial services client," said David Duignan, vice president of worldwide sales at Portellus. "After evaluating the powerful synergies between our two companies, it made sense to formalize a relationship whereby we can work together on mutually beneficial projects to deliver our highly configurable rules-based solutions in concert with Headstrong's proven worldwide consulting and customized IT solutions implementation expertise.

"The partnership between Headstrong and Portellus works to combine and extend the offerings of both our companies," said Hung-Chou Tai, Head of the Mortgages Services Practice at Headstrong. "Portellus' expertise in developing leading rules-based solutions coupled with our deep domain experience in the automation of mortgage banking processes delivers highly sought after end-to-end quality IT solutions to the financial services industry. There is a tremendous amount of opportunity for us to deliver ROI-based value to global financial services clients. We believe that there are a number of organizations who will achieve a competitive advantage over their peers by implementing our advanced integrated solutions."

Headstrong boasts a 25-year plus track record of providing clients with value-based solutions across consulting, application outsourcing, product development and business process outsourcing domains. Headstrong has an operating footprint across North America, Europe, India and Asia-Pacific. Founded in 2001, Portellus is laser-focused on delivering rapid implementations that lower total cost of ownership (TCO) and truly empower business with on-demand change management capabilities to circumvent lengthy, costly coding efforts. Portellus has offices in the Unites States, Europe and Southeast Asia.

About Headstrong

Headstrong is a global consulting and IT services company that applies its expertise in business processes and technology across key verticals in the Financial Services and Capital Markets Industry. Headstrong's client base in the financial services industry includes 9 of the top 10 investment banks. It provides domain focused solutions across capital markets business areas -- Wealth & Asset Management, Prime Brokerage & Securities Financing, Marketplaces, Equities (Cash and Derivatives) and Fixed Income (Mortgages and Mortgage Backed Securities, OTC Derivatives and Commodities). Headstrong delivers solutions in Business Process Definition and IT Optimization, Systems Integration, Application Development, Application Outsourcing and Business Process Outsourcing. Headstrong helps its clients realize value from their business and technology initiatives while leveraging a steadfast heritage (as James Martin + Co) of strong methodologies and global program management. Headstrong is headquartered near Washington DC, with a global presence across North America, Europe and Asia-Pacific. For more information, visit www.headstrong.com or e-mail us at information@headstrong.com.

About Portellus

Portellus Inc. is a leading provider of next-generation technology solutions for industries requiring the automation of numerous complex business decisions. The company's Business Rules Management System (BRMS), Integration Services Hub, Web Portals and vertical market solutions utilize a service-oriented architecture (SOA) to deliver loosely coupled applications and flexible solutions, enabling clients to gain competitive advantages, reduce costs, mitigate risk, increase profitability, comply with regulatory requirements and swiftly respond to marketplace dynamics. Portellus' solutions are in production with financial institutions, insurance companies, mortgage bankers, investment banks and Wall Street investors. For more information, visit www.portellus.com or call 949-250-9600.

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