Headstrong and Gallagher Financial Systems Form Strategic Alliance

Miami, FL and Washington, DC - 13 March 2008

Headstrong, a global consultancy, and Gallagher Financial Systems, a leading provider of mortgage and consumer loan origination software solution, today announced the formalization of a strategic alliance between the two companies. The partnership combines a proven and industry-winning product with strong advisory and global implementation capability to address large-scale technology projects within major financial services institutions.

This partnership brings more than half a century of leadership in financial and mortgage services to the table. Gallagher Financial System’s NetOxygen is an award-winning Loan Origination System based on the latest .NET and AJAX-based technologies. As a strategic alliance partner, Headstrong will leverage a 26-year track record of business consulting, project management, and technology delivery using its global delivery platform. The partnership offers clients access to a delivery team that is “always-on” with the cost advantages of an offshore delivery model.

“Lenders are reacting to unprecedented market conditions by seeking out a combination of technology and related services that enables adaptability in the face of accelerating change in the lending industry,” said Chris Anderson, president at GFS. “This partnership delivers the right technology and resources at a much lower cost by the utilizing both an onshore and offshore presence."

“This is a complementary relationship that allows Headstrong to provide a cost-effective solution to all tiers of the mortgage market; the amount of flexibility and configurability of NetOxygen coupled with our global delivery centers will drive down the time and cost of implementation and maintenance,” said Hung- Chou Tai, head of the Mortgages Services Practice at Headstrong. “Our trained team of business consultants and solution architects are ready to jumpstart any engagement and work with the Gallagher team to implement complete solutions for our customers.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development