New Technology and Leading Trust and Escrow Practices Continue to Gain Industry Support from Several Sectors
San Jose, CA, December 13, 2011 – NES Financial, a leading provider of trust and escrow technology and services for banks, financial institutions and Fortune 500 companies, continued to show strong momentum and growth during the company’s third quarter. During this period, the company launched new technology enhancements, received industry awards, and acquired numerous new clients.
NES Financial’s key milestones during the third quarter include:
- Ranking in Inc. magazine’s 2011 Inc. 500|5000 list of the fastest-growing private companies in America. This award ranks companies that are privately held, for-profit, and US-based.
- Introducing the latest version of its banking technology. The enhanced eSTACTM platform offers additional self-service capabilities for online account creation and administration to key industries.
- Announcing the latest addition to the company’s Board of Directors, W. Michael West. With over 30 years of experience in driving private and public high-tech companies to become among the leaders in their markets, West’s new role focuses on helping NES Financial transition from a successful startup to an established pre-IPO organization.
- Acquiring multiple new EB-5 regional center and banking clients. NES Financial continues to extend its leadership position within the EB-5 sector, while their Banking Solutions continue to gain market share with financial institutions that seek to improve efficiencies and expand their product offerings.
“We are very pleased with NES Financial’s third-quarter momentum,” said President and CEO, Michael Halloran. “NES Financial’s proprietary cloud-based solutions continue to set the standard for a variety of business sectors with complex processes, compliance and sub-accounting needs.”
NES Financial continues to be a leading provider of trust and escrow solutions and technology for financial institutions and Fortune 500 companies, as well as the leading provider of 1031 exchanges and EB-5 escrow administration.
About NES Financial
NES Financial (NESF) is a leading provider of trust and escrow administration technology and services for banks, other financial institutions and Fortune 500 companies. The company’s state-of-the-art virtual private cloud-based solutions provide banks and financial institutions with increased fee revenue opportunities, reduced compliance costs and improved operating efficiency. NES Financial focuses on business sectors with complex processes, significant compliance requirements, and large sub-accounting needs, including landlord/tenant security deposit escrows, client trust accounts, capital raises, pre-need trusts and many more. NES Financial was recently recognized in Inc magazine’s Inc. 500|5000 list of fastest-growing businesses in America.
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