IndiSoft Taps Industry Veteran for SVP

""IndiSoft LLC"":http://www.indisoft.us, a technology development firm that focuses on systems for the default services industry, has hired Brian Friedman as SVP. He will be responsible for business development, contract negotiations, investor relations, and joint ventures.

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""Brian's impressive track record in the investment industry as well as successful relationships with venture capital firms of varying sizes well positions him to lead our future growth efforts as we take our company and our services to the next level,"" said Sanjeev Dahiwadkar, CEO and president of IndiSoft. ""This is an exciting time in the industry, and we are poised to change the way default management is conducted and are developing strong business alliances to help us accomplish that goal.""

Friedman brings more than 14 years of business and financial development experience to IndiSoft. He was a senior business analyst for Friedman Capital Advisors,

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where he consulted with high net worth individuals and firms on strategic business initiatives related to compliance, change management, process re-engineering, performance improvement, and solutions design.

Prior to that, he was the SVP and managing director for First Management Group in Washington, D.C. where he oversaw the operations of a national and international private equity investment advisory firm and provided consultation services. Friedman was also a senior auditor at KPMG and began his career as an analyst at Morgan Stanley.

""Sanjeev and IndiSoft have a solid vision on how to improve the default management process with transparent technology that has yet to be experienced by the mortgage industry,"" Friedman said. ""I am confident as more individuals and investors learn about the power of RxOffice, they will want to be a part of its successful widespread implementation. My plan is to transform many of my contacts in real estate, private equity funds and banks into RxOffice customers.""

Headquartered in Columbia, Maryland, IndiSoft develops, licenses, and supports Web-based software solutions for the financial services industry, including RxOffice Legal, RxOffice Borrower Portal, and RxOffice Reporting Portal. The company is offering its RxOffice platform (patent pending) to servicers, counselors, and homeowners to enable transparent and real-time communication to speed up the decision and execution of the default servicing process, the company explained.