SOURCE: DepotPoint

November 05, 2007 10:00 ET

DepotPoint Appoints Seasoned Industry Expert and Equifax Veteran to Executive Team

Tom Gordon Named New Executive Vice President of Company's Business Solutions Unit, Responsible for Driving New Customer Acquisition and Growth

BELLEVUE, WA--(Marketwire - November 5, 2007) - DepotPoint (www.depotpoint.com), a company that is changing the landscape of processing foreclosures, today announced that Tom Gordon has joined the company's executive team. Bringing more than 25 years of experience in the information and risk management industry, Mr. Gordon is a seasoned executive having built successful businesses at organizations like Equifax Inc., a global leader in information services, T.R.A.D.E. Inc., and Carreker Corp., now part of CheckFree Corp. At DepotPoint, Mr. Gordon will drive enterprise demand for the company's Web-based solutions, providing mortgage lenders, law firms, and REO organizations with creative solutions that ease the pain associated with managing default portfolios.

"DepotPoint's strategic approach to this dynamic marketplace sets them apart from their competitors and positions them to become the leading provider of foreclosure solutions for both lenders and investors," said Mr. Gordon. "I'm excited to be part of this remarkable team of experienced technology professionals and feel confident that my background will help move the company to a new stage of success."

Most recently, Mr. Gordon was the executive vice president for the risk solutions group at Carreker, the leading provider of check fraud software serving over 250 banking centers worldwide. He also served as CEO of T.R.A.D.E. Inc., growing the company's customer base to 600 clients in 28 countries and ultimately negotiating the sale of the company to its major competitor. Prior to this, Mr. Gordon held various executive level positions at Equifax, where he was charged with growing new divisions, expanding their corporate presence, unifying solutions, and driving profitability.

"Tom Gordon's wealth of experience and tremendous success in building very successful businesses makes him an incredible asset to our team," said Prakash Kondepudi, CEO of DepotPoint. "We are very pleased to add Tom to the executive team. His strategic insight, noteworthy relationships and significant industry work will enable DepotPoint to create a very strong foundation for aggressive business growth."

About DepotPoint

Headquartered in Bellevue, Washington, DepotPoint is bringing new efficiencies to the foreclosure markets, which aim to improve the management of real estate portfolios that are in default. The company's TrackPoint Application Suite offers a range of Web-based innovations that help the entire lending ecosystem mitigate risk, accelerate the sale of foreclosed property, and improve visibility across the entire foreclosure process. DepotPoint's marketplace solution, ForeclosurePoint.com, increases the exposure of foreclosure properties and provides tools and resources for real estate agents, real estate investors and home buyers to assist in the acquisition of these properties. The company is privately held and was founded by technology veterans from Microsoft, InfoSpace, and experienced trustees from national foreclosure firms. For more information about the company and its products, call 1-866-841-5641 or visit www.depotpoint.com.