Inc. Magazine’s Award Acknowledges NES Financial’s Market Leadership in Trust and Escrow Technology and Services
San Jose, CA, August 30, 2011— NES Financial ranked in Inc. magazine’s 2011 Inc. 500|5000 list of the fastest-growing private companies in America for the first time. The award recognizes a variety of companies in multiple industries that are privately held, for-profit, US-based, and generated revenue in 2010.
NES Financial is a leading provider of trust and escrow administration technology and services for financial institutions and Fortune 500 companies. The company’s state-of-the-art cloud computing solutions aim to help financial institutions increase fee revenue, reduce operating costs, and enhance existing core banking technology platforms. For the company’s corporate clientele, NES Financial leverages technology to provide clients with advanced financial security, account transparency, and improved regulatory compliance during complex transactions.
The company’s rapid growth derived from focusing on business sectors with complex processes, significant compliance requirements, and large sub-accounting needs such as EB-5 escrow accounts, landlord/tenant security deposit escrows, 1031 exchange escrows and trusts, client trust account administration for law firms, and pre-need escrows.
“Since our start, NES Financial’s guiding principles have been security, transparency and compliance for complex financial transactions in a rapidly changing financial environment,” said NES Financial’s CEO and President, Michael Halloran. “Today major corporations and financial institutions deploy our solutions through Virtual Private Cloud-based technology to improve administration of their complex and highly-scaled financial transactions. Cloud technology allows us to get customers in market faster, and help them reduce operating costs through increased operational efficiency without displacing existing core operating software.”
Inc. magazine will recognize their honorees during the 30th Annual Inc. 500|5000 Conference and Awards Ceremony on September 22-24, 2011 in Washington D.C. Major U.S. corporations such as Microsoft, Vizio, Intuit, and Oracle have been past recipients of this award.
NES Financial is the emerging leader in administering complex escrow accounts for EB-5 Regional Centers, and remains the nation’s leading provider of 1031 like-kind exchange solutions for financial institutions and Fortune 500 companies. Today the company is gaining market share within the banking sector through a wide variety of trust and escrow administration capabilities that augment core banking software platforms. NES Financial’s industry-leading technology offers a highly scalable sub-accounting platform, enhanced reporting and regulatory compliance capabilities, and complete account visibility to support and safeguard complex escrows and trusts across a broad range of industries.
About NES Financial
NES Financial is a leading provider of trust and escrow administration technology and services for financial institutions and major corporations. The company is also the nation’s leading provider of 1031 exchange intermediary services. NES Financial delivers proprietary state–of-the-art technology, outstanding client services, and industry leading subject matter expertise in trusts and escrows. NESF solutions safely process over $70 billion of transactions each year.