Growing FinTech Firm Adds to Executive Depth and Experience with Veteran CFO
BALTIMORE – eOriginal, Inc., today named Michael Coluzzi as Chief Financial Officer (CFO), another valuable addition to the executive team of the rapidly growing financial services technology firm.
Coluzzi is the third key addition to eOriginal’s leadership following a growth capital investment by LLR Partners. In addition to the new CFO, Brian Madocks joined as Chief Executive Officer in April 2017 followed by Timothy Wall as Chief Revenue Officer earlier this month. These hires and the existing eOriginal management team together will drive the business towards achieving full potential.
“Mike is a fantastic addition to the eOriginal executive team,” Madocks said. “When Mike and I previously worked together, I saw firsthand how he not only brings technical competence in accounting, finance, human resources and legal, but tremendous business acumen, leadership, and insights that will add enormous value to eOriginal.”
Coluzzi joins the team with more than 15 years’ experience in business technology and application software solutions. Over his career, he has served as CFO of several companies ranging in size from under $50-million to approaching $1 billion.
As eOriginal’s CFO, Coluzzi will oversee finance, tax, treasury, legal, risk management, human resources and operations.
“In my career, I have sought opportunities to help promising companies instill discipline and fulfill their maximum potential,” Coluzzi said, “I look forward to helping eOriginal take advantage of the growing opportunity for financial technologies.”
At Revitas, an enterprise software business specializing in revenue management, Coluzzi worked with the executive team that led a transformation of the company that ultimately resulted in its acquisition by a strategic buyer in in January 2017.
Previously, he served as CFO of Quintiq, Inc., a provider of on-premise and on-cloud supply chain and operations planning and optimization software, and was part of the management team that grew the business more than 40 percent a year over a 3-year period, which later was sold to a strategic acquirer for approximately $350 million.
Prior to Quintiq, Coluzzi was CFO of Metrologic Instruments, which grew to over $250 million and 1,300 employees. Metrologic was acquired by Honeywell, and he continued for several years as CFO of the $800 million Scanning and Mobility Business Unit until he joined Quintiq.
Through its industry leading eAsset® Management platform, eOriginal provides the maintenance, control and use of critical financial documents, such as loan and lease agreements. By empowering a digital financial ecosystem, it enables full lifecycle management of assets, including collateralization, securitization or pledging in the secondary markets, in a fully compliant and transparent SaaS environment.
Additionally, eOriginal’s platform delivers a fully digital mortgage and supports every type of digital closing strategy. Available for both MERS (Mortgage Electronic Registration System, Inc.) and non-MERS loans, the platform has been vetted in mortgage, auto finance and lease, deeded vacation ownership and marketplace lending. It is accepted by the major rating agencies, issuers’ counsel, top lenders and investors in the secondary markets. The platform can leverage any loan origination system (LOS) or document preparation provider and is designed to be extensible as lenders complete their digital transformation.
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eOriginal is the leading provider of Digital Transaction Management solutions to the financial services industry. The eAsset® management platform is 100 percent secure, enabling originators, custodians, investors and others to digitize lending and securitization processes. eOriginal solutions ensure that every transaction is verifiably secure, legally compliant and enforceable. As the first company to execute a digital mortgage, eOriginal is also core to the digital transformation of the mortgage industry. For more information, visit http://www.eoriginal.com/.