AscendoSoft Sees Significant Growth in First Year

Redmond, WA, November 04, 2010 --( AscendoSoft Inc., a credit union and banking software and services company, today announced completion of an extremely successful first year in operation, during which it established itself as a strong player in the Address Cleansing market place. AscendoSoft has added a significant number of banks and credit unions around the US and Canada, including AllSouth Federal Credit Union, Coastal Community Credit Union, First Savings Bank, and Seattle Metropolitan Credit Union.

“Our growth in our first year of business proves the need for a vendor like us, who provides focused solutions and ensures customer success. We set out to establish ourselves as a Banking and Credit Union Address Cleansing expert and ensure that our brand became more recognized in this market. We are pleased to have accomplished our current goals, but we have loftier goals and will continue to push our marketing and sales efforts, while we ensure our high level of customer service,” said Brian Miller, COO of AscendoSoft Inc. “We have added customers around the US and have a new customer in Canada. This provides us with a strong base to grow on and we are looking forward to another successful year.”

James Holck, AscendoSoft CSO, adds, “Our goal for the first year was to establish our solution and brand in the Open Solutions market. The banks and credit unions that saw our vision and level of commitment have been rewarded with significant ROI. Expansion has been driven by strong fundamental marketing efforts in the Open Solutions community. We have also won some highly competitive opportunities, which prove our unique value to Open Solutions customers.”

AscendoSoft’s Address Cleansing Solution delivers maximum value for Credit Unions and Banks that utilize Open Solutions DNA Software. Returned undeliverable mail is expensive and requires manual effort to re-process and AscendoSoft can minimize this cost by automating verification/cleansing and eliminating manual address management steps through automation. AscendoSoft provides software to cleanse addresses in real-time before they are entered into DNA and to cleanse them in batch as part of regularly scheduled maintenance. Workflow automation processes are included in the batch processing.

About AscendoSoft Inc. - AscendoSoft specializes in providing software and services to Open Solutions DNA customers. AscendoSoft delivers business value to institutions by utilizing our extensive Open Solutions expertise to build solutions that provide rapid return on investment. Our flagship product is the only address cleansing and workflow solution directly integrated with the DNA core providing batch and real-time cleansing. AscendoSoft also offers professional services and complementary products such as digital signatures, and reporting to provide address cleansing analytics. Our growing customer base includes institutions such as BECU, AllSouth Federal Credit Union, Seattle Metro Credit Union, and First Savings Bank. AscendoSoft Inc. is located in Redmond, WA.

For more information, contact AscendoSoft at 1-425-749-3850 or or see

AscendoSoft Inc.
Brian Miller