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Lewtan Doubles Size of ABSNet Operations in Europe
Newly Expanded London Office Represents Largest European
Vendor Presence Supporting Structured-Finance Surveillance and Analysis
For Immediate Release
Contact:
Christine Cobuzzi
Lewtan Technologies, Inc.
781-672-1151
christine.cobuzzi@lewtan.com
www.lewtan.com
Editorial Contacts:
Frances Y. J. Wheeler
Wheeler PR & Marketing
978-475-7970
fyjw@aol.com
November 27, 2006, Waltham, MA Lewtan Technologies, Inc., provider of ABSNet, the structured-finance industry’s source for asset-backed securities surveillance and analytics, today announced that it is expanding its European operations and will move into new London offices on November 29, 2006. Globally, Lewtan provides information and technology solutions to more than 300 institutions. The expanded London operation serves the company’s growing European customer base.
“We are committed to the European market,” said Usman Ismail, executive vice president of Lewtan Technologies Ltd. and its associated ABSNet operations, who heads up the European office. “Since the beginning of the year, we have doubled our staff in London and added additional support activities. We’ve become—and intend to remain—the largest localized European presence offering content- and technology-based solutions to the structured-finance industry.”
Expansion Brings Additional Personnel and Functions Through its new office, Lewtan will run customer support, technical support, deal-modeling, product marketing, and sales functions that support all of Europe.
In addition to providing collateral and bond performance data on asset- and mortgage-backed securities, ABSNet offers interactive cash flow 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 prices and analyses.
The new address for Lewtan Technologies Ltd.’s ABSNet operation is 15 St. Mary at Hill, London, UK EC3R 8EE. The main telephone number is +44 (0)20 7621 2000, and the fax number is +44 (0) 20 7623 8793.
About Lewtan Technologies
Lewtan Technologies, Inc., offers a wide range of content- and technology-based solutions to members of the global asset-securitization industry, including issuers, investors, underwriters, servicers, credit enhancers, and rating agencies. More than 300 institutions worldwide rely on Lewtan’s flagship ABSNet intelligence and surveillance solution, and the company has twice been named Global Technology Provider of the Year by the International Securitisation Report. More information is available at www.lewtan.com.
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