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The University of Pennsylvania Launches e-Builder as its Standard Capital Program Management Software

Ft. Lauderdale, FL (PRWEB) April 13, 2012

e-Builder, the number one provider of integrated capital program and project management software to colleges and universities, announced today that The University of Pennsylvania, a top 5 College rated by US News & World Report, has launched e-Builder Enterprise as its capital project management system to track capital project costs and schedule milestones. The University will implement nearly all e-Builder modules, including Cost, Processes, Documents, and Schedule, to manage its ongoing multi-million capital program.

The Universitys Facilities and Real Estate Services team conducted a thorough review and selection process to replace their previous solution for a user-friendly platform that is also easier to configure. In addition, e-Builder brings robust cost tracking, forecasting, and reporting capabilities. One of the requirements defined in the initial RFP was that the chosen system be able to integrate with the Universitys financials system. This integration will allow for seamless data exchange to eliminate inefficiencies related to duplicate data entry, and to ensure costs are accounted for in the most efficient manner.

The Penn Facilities and Real Estate Services team has standardized all of their existing workflow approval using e-Builders Processes Module, a sophisticated workflow automation engine. Some of the key processes enabled in this go-live include Project Initiation, Capital Project Request, Budget & Certification Approvals, Change Orders, Contingency Changes, and Payment Application & Invoice Approvals.

Jon Antevy, e-Builder CEO, said the leadership provided by the University coupled with the experience of our in-house implementation team resulted in yet another successful and timely launch of e-Builder.

About e-Builder

e-Builder is the leading provider of fully integrated, cloud-based construction program management software for top facility owners and companies that act on their behalf. The companys flagship product, e-Builder Enterprise, improves capital project execution resulting in increased productivity and quality, reduced cost, and faster project delivery. Since 1995, e-Builders technology leadership and construction industry focus has provided thousands of global companies, government agencies, and healthcare and educational institutions managing billions of dollars in capital programs with solutions to improve the plan, build and operate lifecycle. The company is privately held and headquartered in Fort Lauderdale, Florida. For more information, visit http://www.e-Builder.net.





Overture Technologies Closes $6 Million Series C Funding Led by Capital Trust Ventures


Bethesda, MD (PRWEB) December 19, 2008

Overture Technologies, the leading provider of decisioning software solutions that enable transparent, accurate and responsive lending processes, announced it has closed $ 6 million in Series C funding led by Capital Trust Ventures with continuing participation from CNF Investments, New Markets Growth Fund and other existing investors. Financing will be used to support market expansion to meet urgent and increasing demand for the company’s financial decisioning solutions serving the mortgage and education lending industries. In conjunction with the funding, Tim Meyers, Managing Partner at Capital Trust Ventures, has joined Overture’s board of directors.

“Today’s mortgage and student loan industries require consistent application of complex lending and pricing guidelines and thorough evaluation of ever-changing risk and asset valuation data to meet current and future regulatory requirements,” said Bill Kelvie, CEO, Overture Technologies. “This growth funding from experienced investors during a challenging time further validates our approach and will help us accelerate our reach for the markets we serve.”

Overture enables market efficiency and improves risk management in underwriting, pricing, servicing and valuing mortgage loans and assets with its Mozart suite of solutions, industry-leading automated decisioning software for originations and acquisitions, servicing, secondary marketing and the capital markets. In addition to Overture’s advanced FHA lending decisioning capabilities, its groundbreaking solution uses rules-driven decisioning for loan modifications to keep borrowers in their homes.
Overture’s education finance solutions empower colleges and universities, lenders, guarantors and other service providers to help students intelligently navigate the process of funding their education with Conductor, the leading online financial aid portal, the Student Loan Marketplace loan comparison tool and Amadeus, the premier student loan pricing and underwriting solution.
“Overture is providing business rules management systems for lending processes that can restore confidence in the credit markets and prevent the current crises in mortgage and education lending from happening again,” said Tim Meyers, Managing Partner, Capital Trust Ventures. “We’re pleased to invest in a company led by industry veterans and technology thought leaders who are enabling greater accuracy, transparency and efficiency for this significant and essential segment of the financial services sector.”

About Capital Trust Ventures:

Capital Trust Ventures provides growth-stage venture capital financing for information technology companies. We work closely to form a strong partnership with proven entrepreneurial leaders with the vision and spirit to build market-leading companies, help them to achieve scale and exit successfully. Our team of partners has extensive investing and entrepreneurial experience in multiple sectors including application software, emerging technologies, vertical software, new media, internet content, e-commerce and infrastructure software. Capital Trust Ventures is a member of the Capital Trust Group, a leading private equity and advisory firm. For additional information, visit http://www.capitaltrustventures.com.

About Overture Technologies:

Founded in 2000, Overture Technologies is the leading provider of decisioning software solutions that enable transparent, accurate and responsive lending processes for the mortgage and higher education lending industries. Overture’s customers are dedicated to providing superior mortgage underwriting, servicing and securitization services and to increasing students’ access to higher education financing alternatives. Overture’s leadership team applies decades of experience from leading financial services and technology firms including Fannie Mae, Freddie Mac, Goldman Sachs, IBM and KPMG to help our customers achieve their goals. For further information, call (301) 492-2155 or visit http://www.overturecorp.com.

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