Portellus Relocates Corporate Headquarters to Larger Facility; Move Accommodates Rapid Expansion and Increased Prospect Visits.

IRVINE, Calif. -- Portellus Inc., a leading provider of technology solutions and services for the financial services industry, today announced that it has relocated its Irvine, Calif.-based headquarters to a larger facility. The move is part of the company's strategic plan to continue with aggressive expansion to support a strong demand for its next-generation technology solutions.

Portellus' new facility offers more than double the space of its previous office, and supports the company's need to build out its operations on a wider scale. Portellus now occupies a full floor in a nearby Irvine location, which will accommodate significant growth in headcount, expanded training facilities for its growing client list, and allow for more visits by prospective clients to its Customer Readiness Lab (CRL). The CRL is comprised of large, state-of-the-art training classrooms, product demonstration rooms, user testing facilities, implementation planning rooms and a client lounge.

Portellus will continue to maintain operations in its European development facility, which was also recently expanded.

"This move represents an important milestone for the expansion of Portellus and our ability to support increasing marketplace demand for our well-engineered solutions," said John N. Le, chairman and CEO of Portellus. "We are in this business for the long haul and our continued investment in infrastructure, customer experience and products illustrate this point."

Le added: "We strive to build close customer relationships and deliver high value. The larger facility we secured gives us the needed office space to accomplish this in spades. Our clients will benefit tremendously from this move."

Portellus has experienced an enviable growth rate since emerging from a two-year product focused R & D phase, and it has since been catapulted to a top-tier enterprise software provider. The company was recently named to Mortgage Technology magazine's prestigious "Top 25 Mortgage Technology Vendors" list. Portellus' new address is: 17770 Cartwright, 3rd Floor, Irvine, California 92614.

About Portellus

Headquartered in Irvine, Calif., Portellus Inc. is a leading provider of next-generation technology solutions for the financial services and insurance industries. The company's Decision Management, Enterprise Rules Management (ERM), Loan Origination and Portal solutions utilize a service-oriented approach to deliver loosely coupled applications and flexible solutions, enabling clients to gain competitive advantages, reduce costs, mitigate risk, increase profitability, comply with regulatory requirements and swiftly enter new markets. For more information, visit www.portellus.com or call 949-250-9600.