FOR IMMEDIATE RELEASE
Synaptix Systems Delivers Information Technology Process Re-Engineering Solution for $100M Mortgage Banking & Financial Services Company
ALISO VIEJO, California – May 31, 2005 – Synaptix Systems Inc., a leading strategy and solutions firm that helps clients improve business performance, today announced with a $100M NASDAQ-traded mortgage banking & financial services client, the successful completion of an engagement to re-engineer and implement efficiency-oriented information technology (IT) processes.
In order to reach its aggressive growth and profitability targets, the mortgage banking company realized that it needed to develop repeatable, scalable and efficient business processes within its IT discipline. Since the company’s key processes and procedures had been deployed incrementally in response to the changing needs of a fast growing business, however, the firm’s current IT processes were not capable of efficiently scaling to handle expected business growth.
Synaptix Systems worked with the client’s management team to re-engineer and successfully deploy a host of new IT-centric business processes that are creating marked operational and financial value. Leveraging best practices, Synaptix defined completely new processes & tools in the areas of IT resource allocation & management, work request management, production system support, release management and change management.
“We appreciate the opportunity to help our client via high-value process changes that have a positive impact on bottom-line financials, operational effectiveness and employee morale”, states Synaptix Systems President & CEO Heath Hawker.
The Synaptix process solution has aided the mortgage banking client in increasing quarter over quarter profitability by 26% and in funding almost $3B in mortgage loans during the second quarter of 2005, a company record.
Synaptix Systems provides strategic consultative value and information technology governance solutions that drive significant return on investment through process improvement and program/project management office implementation & optimization. The company’s approach to planning and delivering project value has yielded a sound track record of client satisfaction. Recognized for a common sense client advocacy approach and rigorous delivery methods, Synaptix has developed long-term relationships founded on continuous value creation.
About Synaptix Systems Inc.
Synaptix Systems Inc. has its corporate headquarters at 30211 Avenida de las Banderas, 2nd Floor, Rancho Santa Margarita, CA 92688. Synaptix Systems can be reached at 949-888-6640, or by email at info@synaptixsystems.com.
All company, brand or product names are registered trademarks or trademarks of their respective holders. This press release may include forward-looking statements, including statements regarding the company's product development plans, which are subject to change. The actual results may differ materially from those described in any forward-looking statement.