July 11, 2014 3:03 PM ET

Software

Company Overview of Malauzai Software, Inc.

Company Overview

Malauzai Software, Inc., a technology company, provides mobile solutions for small and medium sized community-based financial institutions and IT companies. It offers SmartApps that enables customers to access banking and customer service features from portable devices, such as SmartPhones and SmartTablets/iPad. The company also provides professional/mobile solution consulting services, such as readiness audits, engagement packages, and project-based consulting. Malauzai Software was incorporated in 2010 and is based in Calabasas, California.

5306 Enderby Court

Calabasas, CA 91302

United States

Founded in 2010

Phone:

978-443-8487

Key Executives for Malauzai Software, Inc.

Chairman and Chief Executive officer
Age: 57
Chief Product Officer
Compensation as of Fiscal Year 2014.

Malauzai Software, Inc. Key Developments

Vons Credit Union Moves to Malauzai Software SmartApp to Improve Mobile Banking Flexibility

Malauzai Software, announced that El Monte, Calif.-based Vons Credit Union has switched to the company's SmartApp in order to have more control over the design and functionality of its mobile banking program. In the summer of 2013, Vons began working with its online and core banking platform provider to launch a mobile app. The team at the $425 million credit union quickly became disappointed with the speed of implementation and the outdated nature of the app. Enhancements to the app could only be expected on a yearly basis and the design would be limited to a pre-formed template. There was also no integration with Vons' corporate credit union, which meant mobile remote deposit capture could not be deployed. Vons chose to move its mobile banking development to Malauzai to provide its 45,000 members with a mobile app that would be consistently updated as new features came available. By disconnecting the app from online banking, members would also experience less technical issues and downtime within the mobile channel. In addition, the switch gave the Vons team more input on the design of the app, allowing them to truly promote the credit union's brand. The credit union's SmartApp was live within 60 days of the project start date and supports 5,000 active users.

Poca Valley Bank Launches Mobile Banking through Malauzai Software's SmartApp

Malauzai Software, Inc. has announced that Poca Valley Bank has launched its first mobile banking program with the company's SmartApp. As a community bank with fewer locations than many of its competitors, it was imperative for PVB to provide mobile banking in order to compete with the regional and money center banks in its area. After facing integration issues during a previous effort to introduce mobile banking, the bank was seeking a partner that could work with both its existing core and bill pay providers. The ability to provide customers with real-time account information was also top of the list in PVB's search efforts. The bank selected Malauzai to develop iPhone, iPad and Android SmartApps for its customers.

Malauzai Software Inc. Reports Revenue Results for the Fiscal Year 2013

Malauzai Software Inc. reported revenue results for the fiscal 2013. For the year, the company announced that more than 205% revenue growth during the year and a more than 90% increase in bank and credit union customers.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
May 2, 2014
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Private Placement
October 30, 2013
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