Zoot Enterprises Reports Record Performance Year in 2006.ASP asp, popular name for several species of viper, one of which, the European asp (Vipera aspis), is native to S Europe. It is also a name for the Egyptian cobra (Naja haja). Transaction Volume up 47 percent BOZEMAN, Mont. -- Zoot Enterprises, a leading provider of advanced instant credit decisioning and loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. solutions based in Bozeman, Mont., announced record performance in 2006. The company processed more than 200 million transactions, a 47 percent increase in volume from 2005. For the fifth year in a row, the company's core-processing uptime exceeded 99.995 percent at its redundant facilities in Bozeman and Billings, Mont. Using two distributed processing The first term used to describe the distribution of multiple computers throughout an organization in contrast to a centralized system. It started with the first minicomputers. Today, distributed processing is called "distributed computing." See also client/server. centers, Zoot achieved 100 percent uptime in 2006, the third year of 100 percent uptime for clients utilizing Zoot's distributed application An application made up of distinct components running in separate runtime environments, usually on different platforms connected via a network. Typical distributed applications environment. "Providing 100 percent availability is a tremendous competitive edge for Zoot clients, and an area where Zoot leads the industry," reports Tony Rosanova, chief technology officer at Zoot. Zoot consistently processes more than 500,000 transactions daily. Its infrastructure includes a highly redundant fiber optic loop network, connecting the application service provider (ASP) to two independent facilities with real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. failover Invoking a secondary system to take over when the primary system fails. Up-to-date copies of all required data and applications are maintained on the secondary system in order to respond immediately if the primary system becomes unusable. Also called "fallover." See replication. capacity. Zoot experienced a 30 percent growth in revenue from 2005 to 2006. This was similar to the nearly 30 percent revenue growth achieved from 2004 to 2005. The company attributes this increase to expansion of services with existing clients and new client acquisitions. The company is debt free with substantial cash reserves Cash reserves See: Cash investments cash reserves Investment funds that are held in short-term assets such as Treasury bills and certificates of deposit until more permanent investment opportunities are available. and continues to make significant strategic investments in the future. Zoot has worked with the largest financial institutions in the country for more than 16 years, developing innovations that move the market forward. Zoot innovations include the first prescreen-of-one, the first online home equity application and the first enterprise cross-sell solution. Zoot's focus on its core products has established it as the leader in decisioning and origination Origination The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property. Notes: Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real . Zoot offers several distinct advantages over competitors including its unmatched availability and solution flexibility enabling institutions to adapt the software to meet their unique needs. The quality of support provided by Zoot's experienced staff before, during and after each client installation, has led to long-term relationships with seven of the top-10 U.S. banks. "Zoot performs 90 percent of all transactions in less than three seconds. Our speed and extremely consistent uptime record provides phenomenal reliability for financial institutions," said Dennis Dixon Dennis Lee Dixon Jr. (born January 11, 1985 in Oakland, California), is the starting Quarterback for The University of Oregon and is in his Senior season. Dixon was also drafted by the Atlanta Braves on June 7th, 2007 as an outfielder and spent the football offseason in the Braves , president of Zoot. About Zoot Enterprises Bozeman, Mont.-based Zoot Enterprises provides large financial institutions with highly configurable, credit-bureau-independent instant credit decisioning and loan origination systems. Zoot's fast, flexible, and highly secure solutions reduce risk and improve performance for seven of the top-10 U.S. financial institutions, accounting for more than 200 million credit transactions a year. The company's product lines support a wide range of transactions and allow clients to adapt to market changes in realtime. The ability to meet virtually any credit origination need has led to the company's long-term partnerships with the nation's most innovative financial institutions. Visit http://www.zootweb.com or call 406.586.5050 for more information. |
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