Cervalis and eXpertivity Mortgage Solutions Corp., Sign Partnership Agreement
STAMFORD, CT -- (MARKET WIRE) - 2/08/2006 -- Cervalis, a leading provider of premier IT infrastructure solutions, today announced that is has entered into a partnership agreement with eXpertivity Mortgage Solutions Corp. Under the agreement, eXpertivity will incorporate Cervalis' IT Infrastructure Services, Data Security and Protection, Business Continuity and Rapid Recovery solutions to provide its customers with Cervalis' high standards of business resilience and to help accelerate eXpertivity's rapid gain in the $5 billion mortgage processing market.
"We analyzed carefully the unique requirements of eXpertivity - multiple locations performing multiple elements of mortgage processing onshore and offshore execution, data security - and we are confident that our solutions can deliver against them" said Mike Boccardi, President and CEO of Cervalis. "We worked closely with the eXpertivity team in order to develop a comprehensive program which addresses these issues" added Mr. Boccardi.
"We are extremely impressed with the methodology Cevalis adapted as their standard for data security, disaster recovery and systems redundancy" said Ilan Nachmany, President and CEO of eXpertivity Mortgage Solutions Corp. "Using Cervalis' state of the art services will allow us to continue in our desire to provide the mortgage community with the highest quality and reliability level of processing services using the latest, most efficient technology".
"By choosing Cervalis, the market leader in data security, eXpertivity can assure its clients of their ongoing data protection" said Mike Boccardi, Cervalis President and CEO. "We are pleased to add eXpertivity to our list of customers and partners and are looking forward to a long term, mutually beneficial relationship".
Cervalis' state-of-the-art operations centers total more than 80,000 square feet of space. The company has achieved TruSecure Service Provider Certification and SAS 70 Type II Certification. Its operational processes and controls meet superior standards of security, reliability and availability. Cervalis is also a member of the Cisco Powered Network Program
eXpertivity began operations earlier last year and has established itself as a leader and expert in the field of mortgage processing. The combination of eXpertivity's processing and technology offering, using the reliability of secured services offered by Cervalis, promises a high satisfaction experience for eXpertivity's customers.
About Cervalis
Cervalis is a premier provider of IT Infrastructure Services, Business Continuity and Rapid Recovery solutions that enable customers to achieve higher level of business resilience and accelerate the way companies meet their business objectives. Through its state-of-the-art, fault-tolerant Operations and Recovery Centers, Cervalis offers world-class customer support with the technology needed to scale complex environments reliably and cost effectively
To learn more about the Cervalis advantage, please visit www.cervalis.com or call toll-free 866-602-2020.
About eXpertivity
eXpertivity, the leading provider of Business Service Management (BSM) solutions to the mortgage industry, delivers technology-enabled services to help mortgage originators simply and easily take mortgages from application to closings. eXpertivity is privately held, with headquarters in Fairfield New Jersey. For more information regarding eXpertivity, visit www.expertivity.net.
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For more information please contact:
Mr. Zack Margolis
Vice President
Cervalis, LLC
(203)-602-2044
Mr. Matt Golub
Chief Operating Officer
eXpertivity Mortgage Solutions Corp.
(973)-244-1844
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