Stouffville, ON, Canada – June 27, 2011: Strategic Information Technology Ltd. (SIT) has hired 37 employees in the last twelve months to meet demand for its banking software.
"Our growth is being driven by financial institutions who are discovering the power of Portfolio Plus and by a healthy Canadian banking industry overall," said G. Robert Leeming. "Banks, trust companies, and credit unions are often surprised to find out that Portfolio Plus can administrate a half billion dollars of deposits with as few as two administrators. That’s the kind of efficiency our products bring to banking."
G. Robert Leeming continued, "Our decision to move to Stouffville over fifteen years ago has paid off. We believed we could attract employees with banking expertise who would otherwise be commuting downtown. Our strategy worked. These employees have enabled us to be the success we are today."
SIT’s flagship product, Portfolio Plus, is used by five of the six largest Canadian financial institutions. The Portfolio Plus banking software platform enables banks, trust companies, credit unions, and other financial organizations to implement their own flavour of banking to capture the best possible market advantage. Portfolio Plus, with its Plug-In BankingTM architecture, enables financial organizations to add functionality as they require it, allowing for maximum strategic flexibility.
SIT, formed in 1988, develops and markets Portfolio Plus, an extensible banking system that enables customers to plug-in new functionality as required. This is accomplished via SIT's unique Plug-In BankingTM architecture, an Open Banking InterfaceTM, and a Financial Services BusTM that extends Portfolio Plus functionality to other corporate applications. SIT's banking software enables credit unions, banks, trust companies, and building societies to offer web banking, loans, loan securitization, investments, term deposits, wealth management, retail, ATM/POS switch interfaces for debit cards, and credit bureau interfaces. Portfolio Plus can also be tailored, on request, to meet specific customer requirements.
SIT can be reached at (www.stratinfotech.com) or by phone at 905-640-0808.
Portfolio Plus, Plug-In Banking, Open Banking Interface, and Financial Services Bus are trademarks or registered trademarks of SIT in the U.S., Canada, and other countries. Any other trademarks or service marks contained herein are the property of their respective owners.
Forward-looking statements in this document are based on current expectations that are subject to risks and uncertainties. Actual results might differ materially due to various factors such as the competitive nature of the software industry, the ability of SIT to continue to execute its growth and development strategy, and the reliance of SIT on key personnel. SIT assumes no obligation to update forward-looking statements, or to update the reasons why actual results could differ from those that are projected.
For more information:
Strategic Information Technology
Telephone: 905-640-0808 x356
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This page was created or refreshed on March 29, 2019 @ 14:11:03
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
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