altisource portfolio sol (ASPS) Key Developments
Altisource Launches Altisource Labs India
Aug 22 14
Altisource Portfolio Solutions S.A. announced the grand opening of its new technology campus in Pritech Park on Outer Ring Road, Bangalore. The new campus doubles the company's available space and is the new home to Altisource Labs India, its global technology innovation Accelerator. The Labs, with offices in Boston and Atlanta, continues its global expansion with this third location. Altisource Labs India plans to hire 500 technology professionals in 2014 and is aggressively recruiting the region's top software architects, Java engineers, product managers, consumer analytics experts and software implementation consultants. Altisource Labs India is positioned to be a leading enterprise software and Big Data player in Bangalore. The opening of the Labs in India supports the company's rapid business growth and expanding investments in its software portfolio. Altisource was recently named the 20(th) fastest growing global company by Fortune.
Altisource Portfolio Solutions S.A. Appoints Girish Juneja as Chief Technology Officer
Aug 8 14
Altisource Portfolio Solutions S.A. announced that Girish Juneja has been named as Chief Technology Officer. Reporting to the President of Technology Services, Juneja will be responsible for guiding Altisource's technology vision, creating cloud-enabled development platforms that Altisource and its Labs' portfolio companies are using to rapidly build the next generation of software applications for the financial services sector. A seasoned technology executive with roots in big data, cloud infrastructure and software-as-a-Service (SaaS) platforms, Juneja will lead technology teams across its global footprint in Atlanta, Bangalore, Boston, Dallas, Irvine, Luxembourg, Los Angeles, and Seattle. Before joining Altisource, Juneja was General Manager, Big Data Products and Chief Technology Officer of Data Center Software at Intel Corporation.
Altisource Portfolio Solutions S.A. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
Jul 24 14
Altisource Portfolio Solutions S.A. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of $296,072,000 against $186,110,000 a year ago. Income from operations was $63,052,000 against $39,310,000 a year ago. Income before income taxes and non-controlling interests was $58,225,000 against $34,485,000 a year ago. Net income attributable to the parent company was $54,101,000 against $30,931,000 a year ago. Diluted earnings per share were $2.24 against $1.25 a year ago.
For the six months, the company reported total revenue of $535,341,000 against $334,937,000 a year ago. Income from operations was $110,982,000 against $72,495,000 a year ago. Income before income taxes and non-controlling interests was $101,426,000 against $65,163,000 a year ago. Net income attributable to the parent company was $93,732,000 against $58,449,000 a year ago. Diluted earnings per share were $3.84 against $2.34 a year ago. Net cash provided by operating activities was $111,527,000 against $67,468,000 a year ago. Additions to premises and equipment were $30,522,000 against $13,397,000 a year ago.
Altisource Portfolio Solutions S.A. Names Barbara Goose as Global Chief Marketing Officer
Jul 11 14
Altisource Portfolio Solutions S.A. has named Barbara Goose as global Chief Marketing Officer. An accomplished marketing executive who has overseen programs for General Motors, Dunkin' Donuts, Zipcar, Lenovo and many other brands, Goose will lead Altisource in building its brand and positioning it in the global market. Goose will be based in Altisource's Boston office and report directly to the Chief Executive Officer. She will build a marketing team that will support all of the companies under the global Altisource brand, including Altisource Labs' portfolio of startup technology companies as they develop their go-to-market strategies. Altisource will benefit from Goose's leadership and marketing experience. As President of DigitasLBi Boston and Detroit, Goose led strategic and innovative digital marketing programs that built brand equity for national and multi-national brands.
Altisource Portfolio Solutions S.A. to Report Q2, 2014 Results on Jul 24, 2014
Jul 11 14
Altisource Portfolio Solutions S.A. announced that they will report Q2, 2014 results at 12:01 PM, GMT Standard Time on Jul 24, 2014