Lewtan Technologies Opens European Support Office
U.S. Firm expands operations to meet the needs of International customers and market
For Immediate Release
Lewtan Technologies, Inc.
April 21, 2005, Waltham, MA Lewtan Technologies, Inc. (“Lewtan”) today announced the opening of a new European customer support and sales office in London, England. Lewtan provides information and technology solutions to more than 200 institutions in structured finance globally. The new European office is now open to serve the company’s growing customer base in Europe and the Asia-Pacific region.
Securitization professionals across Europe employ Lewtan’s ABSNet product to perform surveillance and gather intelligence on over 10,000 structured transactions including more than 1,200 non-US transactions. ABSNet offers the securitization industry’s largest library of global data, research and news.
In addition to providing ABS/MBS collateral and bond performance data on ABSNet, Lewtan offers interactive cashflow analytics for European transactions. With ABSNet Cashflows and the product’s integrated deal models, securitization professionals can perform multi-scenario analysis, make relative value assessments between securities, and validate third-party cashflows.
ABS issuance has grown dramatically in Europe, with four times the number of deals outstanding today than in 2000. Lewtan Technologies has filled the need for transparency to the European market with comprehensive and accurate performance data of structured securities. The new London customer support and sales office will offer more localized assistance to Lewtan’s rising European customer base.
“We are committed to bringing value to the growing European market and the addition of a support office in London is a natural next step,” said Stuart Lewtan, CEO of Lewtan Technologies. “Having a local client support center in Europe will help us more quickly respond and react to market changes and the dynamic needs of our international customers.”
About Lewtan Technologies
Lewtan Technologies, Inc. © is the leading provider of information and technology solutions to the global asset securitization industry. More than 250 institutions rely on Lewtan Technologies' solutions such as ABSNet, now the leading resource for ABS intelligence and surveillance in the global market. Lewtan also provides new European Cash Flow Models on ABSNet for multi-scenario deal analysis. ABS Discloser provides issuers with improved deal transparency and marketability, while Lewtan’s Issuer Suite automates an issuer's securitization administration and reporting process. In 2001, Lewtan and Deutsche Bank Corporate Trust launched iCDO, a full-service, Web-based transaction management system for issuers of collateralized debt obligations (CDO's). Lewtan Technologies has twice been awarded the International Securitisation Report’s “Global Technology Provider of the Year” award. More information is available at www.Lewta .com