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Avellino opens second US office following bank data profiling sale

22 January 2003  |  638 views  |  0 Avellino opens second US office following bank data profiling sale

Privately-held UK data integration firm Avellino has opened its second office in the US on the back of a new $1.26 million contract with an un-named Fortune 500 bank.

The opening of the new Pittsburgh office follows the October 2002 opening of Avellino's first US office in Austin, Texas. This came on the back of a sale of Avellino Discovery, the company's flagship data profiling and analysis solution, to one of country's largest insurance companies. Other US customers include another Fortune 500 insurer, Ford Financial and AT&T Concert.

The expansion in the US follows a remarkable year for Avellino which was placed 7th in The Sunday Times Virgin Atlantic Fast Track 100 for 2002 with annual revenue growth averaging 160% over the period 1998 to 2001.

Tony Rodriguez, CEO of Avellino said: "Our US customers and partners are very enthusiastic about Avellino Discovery because it reduces the huge complexity, timescales and costs of understanding data within complex integration and production environments."

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