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ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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Passageways sees record growth in 2007
WEST LAFAYETTE, Ind. (1/14/08)--Passageways announced record revenue growth of 56% in 2007 and the addition of more than 40 new portal community financial institutions, including credit unions. Other highlights of Passageways’ growth:
* Completed the acquisition of Engineered Business Solutions (EBS), with two EBS clients--USU Charter CU in Logan, Utah, and TruMark Financial CU in Trevose, Pa.--signing up for a migration to Passageways portal within the first 90 days of the acquisition; * Launched new products such as e-Forms Builder, Executive Dashboards, Learning Management, Knowledge Management and Lobby Management; * Reached 100 clients; * Added American Airlines CU, Fort Worth, Texas, and Alliant FCU, Chicago; * Increased participation in Passageways’ PowWOW Advanced User and Developer Conference to more than 100 attendees; * Formed relationships with Callahan and Associates, Members Development Group and the Indiana Credit Union League; * Increased staff by eight new employees; and * Accepted a best practice award for implementing portal-based automation projects at Kitsap FCU, Bremerton, Wash.


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