Tavant Technologies Appoints Rajiv Ranjan as CFO & Global Head of Platform Services

Tavant readies for next round of growth with addition of industry veteran to its management team

Santa Clara, CA and Bangalore, India, February 20, 2008 – Tavant Technologies, a leading provider of specialized IT solutions and services, today announced the appointment of Rajiv Ranjan as Chief Financial Officer and Global Head of Platform Services (Human Resources & Administration). Based out of Santa Clara, CA, Mr. Ranjan will join the Tavant management team to ready Tavant for the next round of growth.

Mr. Ranjan brings over 25 years of ITES, Consulting, Healthcare and Insurance markets industry leadership experience. He joins Tavant from WNS Global Services, Mumbai (India), where he was EVP-Finance. Prior to that, Mr. Ranjan held senior level management positions at Caremark Healthcare, Cigna Healthcare and Price Waterhouse Coopers in the US. Mr. Ranjan has a PGDM from IIM – Ahmedabad (India), an MBA from University of Michigan (USA) and is a licensed CPA.

"We are very excited about Rajiv Ranjan joining us as CFO and Global Head of Platform Services,” said Sarvesh Mahesh, CEO of Tavant Technologies. “Rajiv brings an outstanding track record across offshore-enabled services and a variety of industry verticals. His combination of services and industry experience aligns very well with Tavant’s differentiated value proposition and will make a significant contribution to extending Tavant’s growth momentum.”

"Tavant is an acknowledged leader in its ability to use information technology to solve complex business problems and provide quick ROI for its customers,” said Rajiv Ranjan. “Having received multiple Best Employer awards in 2007, Tavant is an organization of excellence and a place that continuously attracts highest caliber IT talent. I am excited to be a part of this outstanding team.”

Tavant Technologies Ranked Among the Best IT Employers by Dataquest-IDC

"Being chosen as one of the best employers is a manifestation of Tavant's belief that our people are our greatest asset," says Tavant's CEO Sarvesh Mahesh. "The DNA of Tavant's success has been one of simplicity, empowerment and "work-hard-play-harder". We are really proud to be recognized for this."

The seventh annual Dataquest-IDC survey included 33 IT companies, employing more than 3 million people across India. Companies are invited for participation and selected based on their overall reputation in the Indian market place. Companies are rated on the basis of employee satisfaction and HR scores.

Being rated among the Top 10 comes as recognition of Tavant's focus on and belief in its employees. Tavant's VP of HR Srini Vudumula says, "We are elated with this announcement. It vindicates our people focus and drives us to invest more in employee engagement. At the end of the day, it is not just compensation or great technology; it is the 'total experience' - as individuals and as professionals that we provide to every Tavantian that makes them and us successful." Earlier this year, Tavant was also ranked as one of the Great Places To Work (India) in a survey conducted by Grow Talent Company in partnership with the Great Places To Work Institute, Inc. (USA) and Businessworld magazine, covering all industries.

Tavant Technologies listed on the Entrepreneurs Magazine's Hot 500

Tavant is #8 among the Technology Companies

In response to the announcement of the Entrepreneurs Magazine's Hot 500, Tavant's CEO Sarvesh Mahesh, said, "We are delighted to be ranked as a Hot 500 company. It is satisfying to know that besides being a Great Place to Work and one of the top 50 technology providers, we are one of the fastest growing companies as well"

The Hot 500 rankings by Entrepreneur Magazine are compiled with the help of the Corporate Research Board, a research organization. Entrepreneur Magazine and CRB started with CRB's database of more than 10 million U.S. businesses and considered only those businesses that met the following criteria:

• Must have been founded no earlier than 1998 and no later than 2002
• Company sales in 2002 must be $1 million or greater; 2006 sales must not exceed $1 billion
• Must have positive job growth between 2002 and 2006
• Must have a minimum levels of sales growth or a sales growth quantifier of 1 or higher between 2002 and 2006; the growth quantifier is a measurement that combines percentage and absolute growth.
• To be eligible, the founder must be actively involved in the company, the company cannot be a spinoff or a division of a larger company, and the company sales for 2006 must be at least $1 million. From this list, the Hot 500 was selected.

About Tavant:

Tavant Technologies is a provider of IT Solutions and Services to mortgage, manufacturing and service industries. Since inception, Tavant is focused on Business Process Automation and Web-Technology based complex application development with specialization in applying rules, optimization, workflow and imaging technology. Tavant also offers a complete range of IT services, and partners with its clients in the ongoing maintenance and management of their systems. Tavant has quickly grown to a company of over 1000 professionals delivering high customer & employee satisfaction.

For further information please visit www.tavant.com

Tavant Technologies recognized as Top 50 Mortgage Technology Provider

"This nomination validates our strategy and value proposition to the Mortgage industry," says Sarvesh Mahesh, CEO of Tavant Technologies. "Our relentless passion for customer satisfaction and our leading lending platforms that enable lenders to improve their operations and efficiencies are being recognized across the industry. We are also proud to be the only offshore-based IT service provider named in the Top 50 list."

Tavant offers a unique value proposition that combines leading Point-of-Sale and Loan Origination Systems based on Tavant's Enterprise Lending Platform and a complete range of IT services. This positions Tavant as an end-to-end partner to lenders for the optimization of lending operations through technology. Tavant is an expert in service-oriented architectures. It uses this expertise and its component-based platform to work with lenders on solutions that leverage existing IT system investments, rather than replacing them, through a "surround not replace" approach.

Tavant's Enterprise Lending System platform was recently chosen as the universal home finance sales support system by a top 20 US lender in an exercise in which 21 other leading vendors were evaluated. Tavant's Default Management Solution, which was launched in October 2006, has given a quick ROI to a top sub-prime lender. Tavant recently also announced the launch of a customizable end-to-end lending solution for Conduits and Correspondent lenders. The lending solution allows Conduits to foster deeper relationships with correspondent partners and dramatically improve the efficiency of loan transactions and securitization operations.

Hassan Rashid appointed Senior Vice President – Global Sales at Tavant Technologies

Santa Clara, CA, June 21, 2007 – Tavant Technologies, a rapidly growing specialized IT solutions organization, today announced the appointment of Hassan Rashid as Senior Vice President, Global Sales. Hassan, who is based out of Santa Clara, CA, is a veteran sales professional with over 20 years leadership experience. Hassan moves to this position from being the Head of Mortgage & Financial Services at Tavant.

Hassan joined Tavant in December 2006 from Dorado Corporation, where he was the Senior Vice President, Channel Sales and Business Development. Prior to that he was Senior Director, Transaction Services, at Move, Inc. Hassan has also held senior level positions in Freddie Mac, responsible for developing, delivering mission critical solutions to capital markets and financial institutions.

Commenting on his move, Hassan mentioned that "Being part of the Tavant winning team and driving accelerated growth in the mortgage and financial services practice, has provided the organization a global platform. It’s an exciting time at Tavant as it continues to rapidly expand its offerings globally.”

Tavant Technologies has firmly set out its commitment to delivering superior service and technology through a robust and comprehensive global network. The latest move of Hassan Rashid addresses the fact that Tavant will continue to see and place emphasis on increasing presence around the world. In line with its global strategy, the company will continue to support customers in the emerging markets.

In his capacity as Senior Vice President Global Sales, Hassan will be responsible for leading the highly strategic and rapidly developing operations for Tavant Technologies. He will enable Tavant Technologies to focus on its Outsourced Product Development solutions, Financial and Mortgage solutions, Analytics as well as Warranty Management solutions to meet the needs of customers in the United States, Asia Pacific region, Europe, and Canada.

"Hassan’s grounding in technology solutions and sales operation gives us the best of all worlds. The company has already benefited and will continue to benefit greatly from his years of service, strong leadership and industry relationships. His ability to pull all of these things together will be a significant benefit to our customers and our business.” said Sarvesh Mahesh, Chief Executive Officer, Tavant Technologies. “We continue to develop the broadest portfolio of scalable solutions for mortgage origination and management, financial services, warranty management, analytics and OPD. As the international landscape continues to change, there is an unparalleled opportunity to truly make a difference by bringing on value-added services to the solutions and services we offer. We are confident Hassan’s new role is a perfect addition, and his extensive experience will enable Tavant to increase business opportunities and further commit to important international markets." He added.

About Tavant Technologies:

Founded in 2000, Tavant Technologies, an ISO 27001 compliant and SEI-CMMi level 4 certified organization, is a specialized IT solutions and services provider. Tavant offers comprehensive business solutions to the Mortgage Industry covering the full spectrum of the mortgage life cycle and an Enterprise Warranty Management solution to the Manufacturing and Distribution Industry which encompasses claims processing, reverse logistics, supplier recovery and predictive analytics. It differentiates itself through in-depth domain expertise and a superior outsourcing experience. Tavant uses a strong foundation of engineering excellence and process maturity for fast, predictable, cost-effective Outsourced Product Development which drastically reduces the time-to-market for its customers. Tavant has quickly grown to a company of over 1100 professionals delivering high customer & employee satisfaction.

For further information please visit www.tavant.com

First Horizon readies for the next round of growth through Tavant Technologies’ POS Platform

Tavant's proven loan origination technology and domain expertise enable First Horizon to improve loan advisory capabilities and loan consultant efficiency across all direct lending channels

This new loan sales platform will enable First Horizon to further expand its differentiating ability to provide borrowers with sound advice in the loan process. First Horizon expects that with this new platform, its loan consultants will be able to understand borrower goals and needs rapidly, and propose a range of loan options with their associated benefits in real-time. This will boost customer satisfaction and lead capture and conversion rates, and will lay the foundation for the next round of growth for First Horizon’s direct-to-the-consumer channel.

“We evaluated all vendors and POS platforms available in the market and are confident that we have selected the right technology, system and vendor for our business,“ said Howard Graham, president of consumer direct for First Horizon. “Tavant’s platform supports a needs-driven, advisory-focused loan sales process. The system is designed to help our loan consultants better match our clients’ needs to one of the scores of loan products we have. It is this kind of process that sets First Horizon apart in the market, and Tavant’s platform will allow us to further grow our home financing business and significantly improve efficiencies.”

The Tavant POS Platform allows loan consultants to rapidly capture key borrower information and assess eligibility for available loan products. More importantly, the system instantaneously calculates any benefits that a borrower will reap from the loan transaction. The Tavant POS Platform is specifically designed for an advisory-focused sales process, allowing loan consultants to easily review a borrower’s credit situation and provide advice on how to best structure debts and liabilities in the context of a loan transaction. At the core of the Tavant POS Platform is a pricing and deal structuring optimization engine that allows loan consultants to provide borrowers with different loan options matched to their needs in seconds. The platform takes on the time consuming tasks of working through available loan products and underwriting guidelines, the borrowers debt and liability situation, the borrower’s needs and goals in the loan transaction, fees associated with the loan and any applicable high loan cost statues to identify the loans best suited for the borrower. The result is a rapid, advisory-focused sales process where loan consultants make relevant loan proposals to borrowers, always stay within compliance, and loan proposals do not change during underwriting and processing.

“We are excited that First Horizon has selected us among the 21 vendors they evaluated, including some of the industry system veterans,” says Hassan Rashid, SVP of Mortgage & Financial Services at Tavant. “The Tavant POS Platform is designed for rapid customization, configuration and implementation. Built on a pure service-oriented and web-enabled rich Internet Application architecture, the platform also provides the flexibility to evolve along with changing business needs and drivers."

The Tavant POS Platform provides complete transparency into the sales process, allowing the managers of loan consultant teams to ensure rapid response to incoming leads and inquiries and full compliance with company policies and lending statues. It is a highly effective tool for organizations to increase lead conversion rates and minimize their cost of originating loans, while raising customer satisfaction.

Tavant’s POS Platform is part of a broader enterprise lending system (ELS) platform that Tavant offers to the mortgage industry. The component and service-oriented nature of the Tavant ELS Platform allows lenders to flexibly reuse components across wholesale, retail, correspondent, home equity and non-prime lending channels. The underlying integration framework allows lenders to re-use existing technology assets and build them as services into the Tavant ELS. With this flexibility, lenders can rapidly and cost effectively enhance their origination systems and implement improvement roadmaps with short-term business impact and ROI.

Tavant Technologies is a provider of IT Solutions and Services focused on the mortgage industry. With a staff of over 1,200 located in three offices across the US and four offshore development centers, Tavant Technologies delivers business changing solutions and platforms to its clients in the mortgage industry. Tavant Technologies rapidly implements solutions based on an enterprise lending platform that includes functionality components for point of sale, origination, servicing and capital markets. Tavant’s core focus is on the automation of complex business process with specialization in applying rules, decisioning, workflow and imaging technology to enable step-function change in lending efficiency. Tavant also offers a complete range of IT services and partners with its clients in the ongoing maintenance and management of their systems.

For more information contact:
Christoph Knoess
Tavant Technologies
(646) 724-1077
christoph.knoess@tavant.com

We knew Tavant is a ‘Great Place to Work’. Now ‘Business World’ knows it too!

Tavant ranked the 17th Great Place to Work in India

Out of 121 organizations who participated in the ‘Great Places To Work’ (GPTW) survey, conducted by ‘Business World’, Tavant Technologies has been voted as the 17th best place to work in India. This is the first time Tavant Technologies has participated in such a survey. Being rated among the Top 25 companies comes as recognition of Tavant’s focus and belief in its employees.

The “Great Places to Work” survey was done across industry domains, including IT Services & BPO. The study adopted a unique employee-centric approach to measure levels of trust, pride and camaraderie in an organization. 12 companies made it to the Top 25 from the IT Services & BPO domain. Among them, Tavant ranked in the Top 5 (and among all domains we ranked 17th). The survey conferred four star ratings on Tavant for highly desirable company traits like Credibility, Respect, Fairness, and Camaraderie.

The survey included the likes of Google, SAP Labs, Intel, Infosys among other big names of the industry. In response to the announcement of the Top 25 listing of Great Places to Work, Tavant’s CEO Sarvesh Mahesh, said, “It’s good to see our people practices getting recognized outside our company. We have always focused on our people and excellence is an integral part of our value system. We have an open communication culture and all employees are encouraged to come forward with ideas. This passion to excel in everything we do makes for a win-win-win situation for our employees, and clients.”

“Our people are our strongest assets. The DNA of Tavant’s success has been one of simplicity, empowerment and “work-hard-play-harder”. We are really proud to be recognized for this.” He added.

About the GPTW survey:

Nagender Prasad appointed Director Operations for India at Tavant Technologies

Bangalore, February 08, 2007 – Tavant Technologies, a rapidly growing IT solutions organization, focused on providing specialized solutions to specific industry segments, today announced the appointment of Nagender Prasad as the Director Operations for India. Nagender, who will be based out of Bangalore, is a veteran with over 13 years experience spanning marketing, operations, training and general management.

Nagender commenced his career with Alembic Limited India where he honed his skills in Healthcare processes and training over the next several years. Subsequently he was inducted into Heartland India in 1997 as a training Manager. He took over as the Managing Director soon with the mandate to set up and manage the India operations. Extending his able experience, Nagender was the Director India Operations of Verette Inc. Prior to joining Tavant, Nagender was the AVP Operations at Equinox Inc. the BPO arm of Iflex Ltd. where he gained experience in Mortgage Processes and Auto finance. In both Heartland and Equinox, Nagendar was among the pilot batch of employees.

Commenting on his recent appointment, Nagender said “Becoming a part of Tavant is a very challenging and an important opportunity. It’s an exciting time to join Tavant as it continues to rapidly expand its offerings in the OPD and Financial & Mortgage sector”.

In his capacity as Director Operations, Nagender will be responsible for leading the highly strategic and rapidly developing India operations of Tavant Technologies in a collaborative manner, which will in turn result in a sustainable growth client base. He will enable Tavant Technologies focus on its Outsourced Product Development solutions, Financial and Mortgage solutions to meet the needs of customers ensuring that Tavant Technologies earns its rightful recognition as one of the world's most respected Technological solutions provider.

"Nagender’s diverse background gives us the best of all worlds. The company will benefit greatly from his years of service, strong leadership and collective experience. As the former operations manager, he knows what it takes to get products to market quickly, on time and on cost target. His ability to pull all of these things together will be a significant benefit to our customers and our business as we develop the broadest portfolio of unified and scalable OPD solutions” said Sarvesh Mahesh, Chief Executive Officer, Tavant Technologies.

Tavant Technologies Readies for Further Growth in 2007, Sets Strategy for Continued Technology Leadership

Bangalore, India and Santa Clara, Calif. – January 29, 2007 - Tavant Technologies, a specialized IT solutions provider, today announced strategic plans to expand its technology capabilities in its key practices including Warranty Management, Mortgage and Financial Services, and Enterprise Solutions.  Tavant’s momentum continues to accelerate with a 40-percent compound annual growth rate (CAGR) over the last five years as the company increases market share with a strategy of sub-verticalization, rapid solutions development based on component IP and highest caliber of IT resources. Tavant uniquely combines a full spectrum of IT services with deep domain expertise in selected industry sub-verticals. Tavant has been profitable since its inception in 2000.

“Tavant provides industry-specific solutions and system engineering expertise for our clients to automate complex, enterprise-wide, multi-stakeholder business processes,” said Sarvesh Mahesh, CEO, Tavant Technologies.  “We intend to leverage the great success we achieved in 2006 to further solidify Tavant’s leadership role as the trusted collaborative partner enabling companies to achieve true business results through global software development, maintenance, and management.  While we are proud of our track record of supporting large enterprises, we are excited about further strengthening our core technologies to arm smaller companies and start-ups with the agility, flexibility, engineering dominance and experience they require to realize their business visions.”

In the Warranty Management practice, Tavant is sponsoring Interlog 2007 Jan.29-Feb. 1 in Lake Buena Vista, Fla.  Ron Ezsak, Sr. Director, Warranty Solutions with Tavant, will be joining customer Xaviar Mourot, Warranty Manager for Ingersoll Rand International, on a panel discussion entitled “Warranties & Returns Management: Achieving Customer Satisfaction Without Compromising Your Profitability” at 2 p.m. EST on Jan. 31.  In August, Tavant announced its partnership with SAS and Business Objects, the leading providers of analytics software, to deliver comprehensive business intelligence and advanced analytics solutions.

Tavant is continuing efforts to expand the mortgage industry’s most robust and fully featured Service Oriented Architecture implementation for one of the nation’s leading lenders.  The company is developing its Default Management Capabilities it introduced during the 93rd Annual Mortgage Bankers Association Conference & Exposition in October in Chicago. Tavant additionally will be enhancing its Tavant Mortgage Solutions, a service that combines deep mortgage domain expertise, pre-built functionality components and global delivery to help lenders rapidly build and enhance existing origination, servicing and capital market systems, and which also provides analytics and data warehousing for the mortgage industry.

In the Enterprise Services Group practice, Tavant will focus on enhancing its unique Global Engagement Model that enables companies to achieve quick go-to-market timelines. Tavant’s Outsourced Product Development (OPD) is a cost-effective solution that includes High End engineering and IT resources, agile methodology, stringent IP protection, and scalable and extensible product development. Tavant provides highly specialized, industry-specific custom applications and engineering leadership ranging from offshore product development, rich web-user interfaces and communities, analytics and data warehousing, Quality Assurance and Testing, performance testing, and Service Oriented Architecture (SOA) and engineering excellence to logistics capabilities.

On the corporate side, Tavant recently added two top executive positions.  In December, Tavant named industry veteran Hassan Rashid as Head, Mortgage & Financial Services.  Based in Santa Clara, Rashid brings over 20 years of mortgage and real estate industry leadership experience and joined Tavant from Dorado Corporation where he was the Senior Vice President, Channel Sales and Business Development.

Tavant Technologies announces inauguration of Development Center in Noida

Noida/Bangalore , January 25, 2007: Tavant Technologies Inc., a rapidly growing IT solutions organization,  focused on providing specialized solutions to specific industry segments, today announced the opening of its state-of-the-art software development centre in Noida. This centre spread over 15000 sq ft, with a capacity of 150 professionals, is integral to the expansion of the company's service offerings and delivery capabilities.

Announcing the set-up of the Noida campus, Mr. Sarvesh Mahesh, Chief Executive Officer, Tavant Technologies said, “Our new center is a direct result of our growth as a company and the demand for our services. This facility was specifically designed to meet the growing demands of our customers’ offshore business needs. We have chosen Noida because of it its robust infrastructure and access to a high quality pool of software professionals”.

Tavant Technologies, Ingersoll Rand to Participate in Interlog 2007, Aftermarket Product and Logistics Event of the Year

Santa Clara, Calif. – January 24, 2007 - Tavant Technologies, the global leader in warranty, service, and reverse logistics process improvement solutions, announced today that it will participate in the Worldwide Business Research’s Interlog Winter 2007, the premier aftermarket product support & service parts logistics event of the year.  Ron Ezsak, Sr. Director, Warranty Solutions of Tavant’s global industry practice, will participate in a panel discussion on “Warranties & Returns Management: Achieving Customer Satisfaction without Compromising Your Profitability.”  Joining him on the panel will be Xavier Mourot, Warranty Manager with Ingersoll Rand International, a Tavant customer.

When
Wednesday, January 31, 2007

Where
Disney Yacht & Beach Club Resorts
1700 Epcot Resorts Boulevard
Lake Buena Vista, FL 32830

What
2 p.m. (Eastern Time): Panel discussion on Warranties & Returns Management

Tavant featured in Mortgage Technology Magazine

Vol. 13, No. 7 October 2006 – When Long Beach Acceptance Corp. settled on Tavant to provide a new system, Tavant won out over competitors because of “the effort and energy Tavant put into analyzing and understanding our business needs,” Long Beach operations VP Michael Pavlin told us. Time and time again, we hear that technology by itself is nothing unless it serves to meet actual business requirements.

We inaugurated our Fix-It award to underline that point: A software tool should fix a business problem. We believe Tavant, a newcomer to the ranks of recognized technology vendors — but a company that recently completed an enterprise implementation for Ameriquest — is going to be on our next Top 25 vendor list and will be a significant candidate for our awards in coming years. That will not be because Tavant — like a lot of vendors these days — touts itself a leading provider of service-oriented architecture, but because it passes muster with prospective customers as leveraging SOA to deliver measurable business benefits to lenders.

Lenders are increasingly aware of their technology options and wary of hitching their wagons to systems that don’t work. They are more sophisticated than they used to be about the responsibility they have to conduct due diligence. To respond to lenders willing to do their part of the work, the good vendors are providing tools and facilities to help lenders define project requirements upfront and test the match-up with vendor offerings.

As Tony Garritano’s article on end-to-end systems underscores, lenders have more ways of getting best-ofbreed performance out of a vendor that contracts to give them an end-to-end system. The onus of proving the value of technology is shifting away from complex implementations where lenders pay out big bucks before they see any ROI, toward “pay as you go” implementations where each module or service proves its worth and starts generating revenue or cost-saving efficiencies before implementation starts on the next piece. And as our cover story on testing shows, lenders are going to have more and more opportunities to have evidence that a system scales and matches their business needs before they buy.

This issue also offers a summary look at a research report lenders can use for help in benchmarking and mapping their strategies for harnessing imaging to take out paper and keep pace with the evolution of e-mortgages, specifically it details “DO’s and DON’Ts for Acquiring an Imaging Capability” that are in line with lenders’ business needs.

For more information about Tavant Technologies, please visit www.tavant.com/lending or call 408.519.5385.

You can read the original editorial article here

Custom vendor offers mature Default management software - Tavant featured in "Inside Mortgage Technology magazine"

October 2006 –After nearly four years of developing its default management technology, vendor Tavant is ready to offer a version to the broader market.

Preferring to call the system a capability rather than a product, Tavant worked with a single large lender, who declined being quoted, to develop “sophisticated” default management technology. Christoph Knoess: VP Mortgage & Financial Solutions, said since lenders are shifting focus from origination and lead generation management to managing their servicing businesses, this a good time to release this technology.

Tavant is one of the very few vendors left that specializes in building custom mortgage technology. It has 1,200 employees, mostly based in India. The vendor creates its technology to resemble the way service oriented architecture works in that it is very flexible and integration friendly. The default management application does fit “very tightly” with Fidelity National Information Services’ servicing technology, Knoess noted.

As a custom developer, Tavant does have to walk a fine line between creating a capability for a specific client and one for general consumption. Most lenders have a “secret sauce” they use in their business processes, which they consider a competitive advantage. Each servicer that chooses Tavant’s default management technology will ultimately get a mature and customized application, but it will not necessarily contain the secrets from other users, Knoess explained.

One underlying element in all default management efforts is the workout plan. It can be hard to get delinquent borrowers on the phone, so when servicers can connect, it is very important to get the issues settled in that one call, Knoess said. Tavant’s technology will allow servicers’ default staff to develop a workout plan in real time.

The default technology also enables servicers to streamline the management of their REO portfolio. In the case of the servicer/co-developer, it was able to substantially cut the average number of days it took to dispose of foreclosed homes.

This caught the eye of Moody's Investors Service, which bumped its rating of the servicer. The ratings firm has noted often in the past year that its view of servicers is heavily influenced by the technology they use to manage their servicing business.

Tavant Technologies Introduces Powerful Default Management Capabilities

Enables Mortgage Servicers to Minimize Default Rates and Achieve Lowest Foreclosure Process Cost

Santa Clara, CA – October 23, 2006 – Tavant Technologies Inc., a rapidly growing IT services company focusing on the development of mission-critical software applications, today announced the immediate availability of its unique default management capabilities that enable mortgage servicers to achieve lower delinquency and default rates. These capabilities are comprised of a set of frameworks and components for speedy deployment that leverage Tavant’s extensive experience in the development and implementation of Mortgage Servicing applications, specifically in default management.

Tavant’s Default Management frameworks and capabilities enable it to work with servicers in the development of systems that can enhance the default process in two critical ways: 1) provide agents with workout plans in real time that will help return more borrowers to performance and 2) improve productivity and minimize the costs involved in managing various aspects of default such as Loss Mitigation, Foreclosure and Real Estate Owned (REO). It is estimated that the loss severity for REO properties can be as high as 35%, even more in some cases. Even with average default rates of 4-5%, the losses can mount up fast. GMAC-RFC (Residential Funding Corporation), America's largest private issuer of mortgage-backed securities and a leading warehouse lender, estimates that it loses over $50,000 per foreclosed home. Tavant can help servicers achieve better productivity and higher gains through its extensive capability in technology-based business processing re-engineering.

Tavant’s expertise with building a comprehensive suite of workout plans for loss mitigation enables servicers to improve loan performance. A robust Foreclosure timeline and case management system, and a state-of-the-art REO solution can also help convert illiquid assets into cash in the shortest possible time frame. Additionally, Tavant has built other components to manage property services (inspection, valuation, preservation and code violation), credit services, document services (generation, storage and delivery), and other value-added services that make your default management system portfolio complete.

“Lenders have introduced innovative products like interest-only and option ARMs in recent times. Ultimately as the interest rate creeps up and home values stagnate, it will be these loans that will create default management problems,” said Sarvesh Mahesh, CEO of Tavant. “To stay ahead of this emerging problem, servicers must fix the gaps in their existing servicing platforms. Tavant’s capabilities in default management fill the technology void in the servicing landscape by enabling mortgage companies to fully automate their complex servicing processes and mitigate default risks.”

For one major servicer, Tavant created the mortgage industry’s most robust and scalable intelligent system, comprised of all the key pieces such as Loss Mitigation, Foreclose and Bankruptcy, REO and other shared services. As a result of implementing Tavant’s Default Management capabilities, the servicer saw its quality rating improve as Moody’s Investor Service credited the company’s ability to prevent or mitigate losses “across changing markets.” Moody’s said that the lender’s loss mitigation abilities were above average. Moreover, they noted that the servicer’s REO was liquidated in an average of 141 days, which, excluding redemption, is “one of the shortest liquidation periods Moody’s has observed.”

Backed by the industry’s largest pool of talented engineers in mortgage solutions, Tavant’s Default Management capabilities are a series of modules and frameworks that can be rapidly deployed to develop applications that allow servicers to better manage their default portfolios:

• Loss Mitigation – a wide portfolio of retention and disposition workouts scenarios including Reinstatements, Repayment Plans, Loan Mods, Full Payoffs, Short Sales/Payoffs, Deed-in-Lieu, Note Sales and Charge Offs as well as special requirements such as managing disaster moratoriums and Soldiers & Sailors.
• Foreclosure and Bankruptcy – configurable and timeline management tools to organize foreclosure and bankruptcy tasks and schedules on a template-based fashion.
• Real Estate Owned (REO) – encompasses Occupancy Information Status (OIS), listing price valuation tool, Marketing Plan, Evictions, Redemptions, Listing Agreement, Offer Management, and Fund Reconciliation.
• Service Components – a framework to manage property services, credit services, document services, vendor services and other value-added services.

“Tavant’s Default Management capabilities are flexible so that servicers can partner with Tavant to develop and implement default components and modules either one-at-a-time or as a comprehensive end-to-end suite,” said Christoph Knoess: VP Mortgage & Financial Solutions of Tavant. “Our staff of 1,000 business consultants, analysts and engineers is focused on improving lending business processes through the use of technology, and we have 300 associates working on servicing and default management projects. This means that servicers can leverage the industry’s most robust, scalable Default Management capabilities for increased productivity and reduction in human error.”

Contact Information:
3101 Jay Street, Suite 101
Santa Clara, CA 95054
646.724.1077
christoph.knoess@tavant.com
www.tavant.com/lending

Tavant Technologies, a specialized IT solutions provider, today announced the appointment of industry veteran Rashid Hassan as SVP, Mortgage & Financial Services.

Santa Clara, USA, December 4, 2006 - Tavant Technologies, a specialized IT solutions provider, today announced the appointment of industry veteran Rashid Hassan as SVP, Mortgage & Financial Services. Based in Santa Clara, Hassan would lead Tavant’s Mortgage and Financial Services practice to drive market share and profitable growth for Tavant.

Rashid Hassan brings over 20 years of mortgage and real estate industry leadership experience and joins Tavant from Dorado Corporation where he was the Senior Vice President, Channel Sales and Business Development. At Dorado, Hassan was involved in developing the organization’s sales infrastructure, strategic partnerships and was responsible for direct as well as indirect sales resulting in significant growth over the past 6 years. Prior to that he was the Senior Director, Transaction Services, at Homestore Inc. responsible for delivering technology solutions to the top 40 realty companies and their captive mortgage and affinity relationships. Hassan has also held senior level positions in Freddie Mac, responsible for developing and delivering mission critical products to capital markets and financial institutions. At Freddie Mac, Hassan was part of the core team responsible for developing and delivering Loan Prospector to the mortgage industry. Hassan has also held leading positions at major consulting companies, delivering a broad array of solutions to the US Dept. of HUD.

“We are very excited about Hassan joining us as the Head of our Mortgage and Financial Services business. Tavant, with its deep experience in the Mortgage business offers unique, mission critical solutions in all aspects of the mortgage life cycle from loan origination to capital markets. Hassan brings an excellent track record of solution delivery in the real estate, mortgage and capital markets industries and over 20 years he has established strong relationships and alliances with the leading players in the industry. I am sure that with his leadership Tavant will emerge as a trusted partner of the mortgage and financial services Industry globally,” said Sarvesh Mahesh, CEO, Tavant Technologies.

“I am excited about joining the Tavant winning team to drive accelerated growth in the mortgage and financial services practice leveraging my broad industry experience and relationships,” said Rashid Hassan.

ILOG AND TAVANT TECHNOLOGIES TEAM UP ON SOLUTIONS FOR THE MORTGAGE-LENDING INDUSTRY

Companies Help Lenders Automate Decisioning Processes for Faster Response to Customer Demand, Greater Adaptability to Industry Changes

CHICAGO – MBA’S 93RD ANNUAL CONVENTION & EXPO – Oct. 23, 2006 – ILOG® (NASDAQ: ILOG; Euronext: ILO, ISIN: FR0004042364) and Tavant Technologies today announced an agreement to partner on mortgage lending solutions. Tavant will leverage ILOG JRules™, a key offering in ILOG’s business rule management system (BRMS) product line - which is already used widely in the mortgage lending space - as a key component of Tavant Mortgage Solutions, a service that combines deep mortgage domain expertise, pre-built functionality components and global delivery to help lenders rapidly build and enhance existing origination, servicing and capital market systems. The two companies also announced the successful deployment of a sales automation solution at Ameriquest Mortgage Company.

Tavant has deep expertise in working with mortgage lenders to develop solutions for achieving higher lead conversion rates, lowering processing costs per loan, optimizing key servicing indicators such as default rates and minimizing the cost of securitization. The company has accumulated more than 2500 person-years of application development experience across the entire mortgage lifecycle. For the Ameriquest deployment, Tavant used ILOG JRules as a key component in the development of a scalable and extensible SOA-based solution for automating and integrating the end-to-end sales process, including lead management, credit review, loan proposal generation and receipt of borrower commitment.

“The solution developed by Tavant and ILOG has helped us operate our business more efficiently, making faster and more consistent business decisions, responding more quickly to customers, and adapting more effectively to changing business conditions,” said Mark Sarago, CIO at Ameriquest Mortgage Company. “With Tavant’s services and software solutions from ILOG, we were able to take a more holistic, cost-effective approach to our infrastructure and implement a service-oriented architecture that has increased our agility, ensured long-term value and lowered the total cost of ownership.”

According to TowerGroup, BRMS is a key infrastructure component for supporting lending operations, including loan origination, loan underwriting, funding and closing, servicing, and portfolio management.

As part of Tavant’s mortgage industry solutions, ILOG’s BRMS family of products offer companies increased competitiveness by helping them capture market opportunities more efficiently, shorten the time it takes to roll out new products, match mortgage products to customers based on a full customer profile automatically and in real-time, and automate identification of cross-sell and up-sell opportunities. The solutions improve operational efficiency by automating routine tasks, freeing up time for users such as the underwriters to focus on more complex situations and exceptions. By enabling business users to manage loan and credit rules themselves, the IT organization is also relieved of day-to-day tasks. The solutions also help companies comply with mounting government regulations by ensuring consistency, auditability and by providing visibility into the decisioning process.

“Our mortgage industry customers must effectively automate their business rules in order to achieve the full benefits of business process improvements,” said Sarvesh Mahesh, CEO of Tavant Technologies. “By integrating ILOG’s BRMS software into our business process solutions, we can provide our customers with more comprehensive functionality using proven technology that can deliver huge gains in operational efficiency, agility, and cost control.”

ILOG has consistently built on its history of product innovation to make it the industry’s leading provider of business rule management system software. Gartner positioned ILOG in the leader’s quadrant of Gartner’s 2005 Magic Quadrant for Business Rule Engines, and Forrester Research recognized ILOG as a rules platform market leader, including the leader in rules platforms for Java. Customers of ILOG’s award-winning BRMS products include eBay, Equifax, Grupo Santander, Harrah’s Entertainment, Visa, Vodafone, Zurich, and many other leading Global 2000 companies and governments worldwide. ILOG's business rule management system (BRMS) product line includes ILOG JRules, ILOG Rules for .NET and ILOG Rules (C++).

About ILOG
ILOG delivers software and services that empower customers to make better decisions faster and manage change and complexity. Over 2,500 global corporations and more than 465 leading software vendors rely on ILOG's market-leading business rule management system (BRMS), optimization and visualization software components, to achieve dramatic returns on investment, create market-defining products and services, and sharpen their competitive edge. The BRMS market share leader, ILOG was founded in 1987 and employs more than 730 people worldwide. For more information, please www.ilog.com.

ILOG is a registered trademark, and ILOG JRules, ILOG Rules for .NET, and ILOG Rules are trademarks of ILOG S.A. and ILOG, Inc. All other trademarks are the properties of their respective owners.

Contact Information:
Monika Raj
(650) 567-8128
mraj@ilog.com

Tavant Technologies and SAS Sign Strategic Partnership to Deliver Comprehensive Warranty, Supplier and Service Improvement Solutions

SANTA CLARA, Calif., Aug. 2 /PRNewswire/ -- Tavant Technologies, the  global leader in warranty, service, and reverse logistics process  improvement today announced its partnership with SAS the leading provider  of analytics software. Tavant warranty management reduces the expense and  inefficiency associated with the transactional approach to warranty management. Tavant Warranty Management applications enhance operational performance by transforming claims processing into an operational strategy focused upon problem resolution. This approach directly extends the service communication of warranty on behalf of quality, service and product development driving a less costly remedy through the supply chain. By creating an end to end process that connects service with supply, Tavant Warranty Management positions warranty to better fulfill the brand promise.

"Our relationship with SAS combines the capabilities of two leading  solutions providers to bring game changing results to the market. SAS  provides the most powerful suite of analytics specifically designed for warranty, supplier, quality, and parts analysis. Tavant brings our extensive domain expertise and our proven solutions. Together we offer the most extensive solution set in the industry," commented Sarvesh Mahesh, Tavant Technologies CEO.

About SAS 
SAS is the leader in business intelligence software and services. Customers at 40,000 sites use SAS software to manage and gain insights from vast amounts of data, resulting in faster, more accurate business decisions; more profitable relationships with customers and suppliers; compliance with governmental regulations; research breakthroughs; and
better products. Only SAS offers leading data integration, intelligence storage, advanced analytics and traditional business intelligence applications within a comprehensive enterprise intelligence platform. Since 1976, SAS has been giving customers around the world The Power to Know(R).
http://www.sas.com

NOTE: All trademarks and registered trademarks are the property of their respective owners.

1976, SAS has been giving customers around the world The Power to Know(R).
http://www.sas.com

Tavant Technologies Introduces Leading POS Loan Platform - Giving Consumers Better Choices In Only One Phone Call

Santa Clara, CA - May 1, 2006 -- Tavant Technologies Inc., a rapidly growing IT services company focusing on the development of mission-critical software applications, today launches a truly integrated, next-generation point-of-sale (POS) loan platform, automating and integrating end-to-end the loan sales process from lead management, to 1003, credit review, pricing, proposal generation and loan checklist.

"It's not easy to fully and real time integrate all the information sales people need to qualify and convert a lead," says Mark Sarago, CIO, Ameriquest Mortgage Company. "We need to present our customers timely, comprehensive and competitive refinancing options that truly solve their credit problem, not just giving them a loan. Tavant makes all this happen."

Tavant's POS offering enables increased lead conversion rates and higher customer satisfaction with the mortgage sales process. Through real-time access to credit reports, valuation models, instant title products and proprietary analytics, sales people have all the information at their fingertips to quickly establish credibility and be a proactive loan and credit advisor. Using webbased interfaces that allow users to edit frequently changing information such as loan programs and pricing, Tavant's solutions make lenders nimble and highly response to changing market conditions.

Developed using an integrated, mortgage-specific, common-technology platform, Tavant Mortgage Solutions is based on SOA, Open Source, Constraint-Based/Configurable Rules, Workflow and Imaging engines. This platform enables integration of Tavant's components and solutions with existing loan systems and provides lenders with the option to fully replace their existing POS systems or rapidly augment existing system for fast return on investment.

"Our technology can take any lender's sales process to the next level," says Christoph Knoess: VP Mortgage & Financial Solutions at Tavant. "Through the powerful embedded intelligence, the quality of the sales process becomes completely consistent across the entire sales force ensuring a consistent experience for the customer and highest overall sales force productivity."

About Tavant
Tavant Technologies Inc. (www.tavant.com/lending) is a 1200+ strong IT services company focusing on the development of mission-critical software applications, offered through a global delivery process. Tavant creates game changing results for its clients through the automation of complex, enterprise-wide, multi-stakeholder business processes. Tavant also offers a full range of services across the entire software application lifecycle including application maintenance and enhancement, hosting, remote monitoring, testing and performance optimization.

Contact Information:
3101 Jay Street, Suite 101
Santa Clara , CA 95054
646.724.1077
christoph.knoess@tavant.com
www.tavant.com/lending

Tavant Technologies Launches Mortgage Solutions, Taking Lending Technology To The Next Level

Santa Clara, CA - April 17, 2006 -- Tavant Technologies Inc. a rapidly growing IT services company focusing on the development of mission-critical software applications, today announced the launch of its lending systems development & rapid enhancement platform.

Tavant Mortgage Solutions helps lenders rapidly enhance existing loan systems through a unique service offering combining deep domain expertise, pre-built functionality components and global delivery. Tavant's capabilities span the entire lending lifecycle from lead to security and allow lenders to convert more applications, cut processing costs, minimize default rates, and get the best prices for their loans.

"Tavant's lending systems development and enhancement platform is built on a deep understanding of lending processes," says Christoph Knoess: VP Mortgage & Financial Solutions of Tavant. "It was built in the real world and takes mortgage process automation to a whole new level." Using web technology, service oriented architectures and best-in-breed rules engines, workflow engines and document management & imaging, Tavant's technology can enable new levels of process efficiency. With mortgage-focused, IT services/application development expertise, software components can be quickly developed and integrated into existing lending systems for immediate return from IT dollars.

"Tavant is not a new kid in mortgage technology," said Sarvesh Mahesh , CEO of Tavant. "For the past six years we have been building solutions for leading mortgage lenders. With a formal mortgage practice, we plan to leverage the 2,500 person-years of lending domain and technology skills we have gained and make it available for a broader customer base via customizable, pre-built lending software components."

About Tavant:
Tavant Technologies Inc. (www.tavant.com/lending) is a 1100+ strong IT services company focusing on the development of mission-critical software applications, offered through a global delivery process. Tavant creates game changing results for its clients through the automation of complex, enterprise-wide, multi-stakeholder business processes. Tavant also offers a full range of services across the entire software application lifecycle including application maintenance and enhancement, hosting, remote monitoring, testing and performance optimization.

Contact Information:
3101 Jay Street, Suite 101
Santa Clara , CA 95054
646.724.1077
christoph.knoess@tavant.com
www.tavant.com/lending

Tavant QA professional passes CSQA certification with flying colors

"CSQA (Certified Software Quality Analyst) is an indicator of a professional level of competence in the principles and practices of Quality Assurance in the IT industry.

It is a certification that is recognized across the globe and one needs to attain at least 75% or above in all papers to get certified.

Some of the benefits of this certification for the individual and the organization are :

• The certification proves helpful in initiating new projects & software process improvement
• It helps in evaluating deployment options, including ROI, with a holistic perspective
• Helps in understanding the communication skills required for an interface with the management