Former Presidential Appointee Earl Devaney Joins IndiSoft Advisory Board

IndiSoft, a technology development firm that provides software as a service (SaaS) solutions based on a collaborative rules-based workflow platform for the financial services industry, announced today that Earl Devaney has joined its advisory board. Devaney recently retired from the federal government after 41 years. He will advise IndiSoft on business development efforts and other company business based on his government financial expertise.

Earl Devaney (Photo: Business Wire)

“Earl’s government expertise and strong financial management background will put us in a stronger position to offer technology that provides the transparency needed in auditing and compliance processes,” said Sanjeev Dahiwadkar, CEO of IndiSoft. “Providing the financial industry the most advanced technology while preventing a repeat of economic decisions that got us where we are today is one of our top priorities.”

Devaney was most recently the chairman of the Recovery Accountability and Transparency Board, which oversaw the distribution of the $840 billion of stimulus funds allocated by the Obama administration. His innovative use of disruptive software has revolutionized the way oversight and accountability will be conducted for the foreseeable future. He was also the presidential appointed inspector general of the Department of the Interior for eight years and was the director of criminal enforcement at EPA for nine years. Devaney spent 21 years in the Secret Service during which time he earned his international reputation as a financial crimes expert.

“I have been fortunate to experience first hand how the effective use of technology can improve transparency and accountability and, therefore, help raise the confidence of the American public in its government,” Devaney said. “While serving as the chairman of the Recovery Accountability and Transparency Board, we were able to provide an unprecedented level of oversight, and it was always new software that became the game changer in that effort. IndiSoft is just the kind of company that can provide the technology the government needs.”

About IndiSoft LLC

Columbia, Md.-based IndiSoft LLC develops, licenses and supports a wide range of SaaS solutions for the financial services industry, including MortgageRx, RxOffice Compliance, RxOffice Legal and RxOffice Reporting Portal. IndiSoft is transforming how disparate parties communicate and exchange information. The RxOffice® platform (patent pending) offers audit, compliance and workflow technology and the infrastructure to enable transparency, accountability and real-time communication to accelerate decision making processes by multiple stakeholders. IndiSoft was selected as one of the Top 50 Service Providers of 2011 by Mortgage Technology magazine, and was honored in the Inc. 500|5000 listing of fastest growing private companies in the U.S. two years in a row. For more information about IndiSoft visit its Web site at www.indisoft.us.

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