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Digital Risk LLC Chooses Metro Orlando for Major Expansion
Orlando (September 10, 2009) - Governor Charlie Crist today announced Digital Risk LLC, a risk mitigation solutions provider for the mortgage industry, is expanding their headquarters in Metro Orlando. Lt. Governor Jeff Kottkamp attended the company’s announcement today of their plans to provide ongoing and sustainable employment for Central Florida’s workforce, creating at least 240 jobs and retaining more than 260 jobs. Additionally, Digital Risk LLC has committed to at least a $1.2 million capital investment in equipment, research and development. “Digital Risk is a powerful example of the Florida’s ability to attract and retain innovative, growing companies,” said Governor Crist. “At a time when most states are talking about job losses, we are retaining and creating knowledge-based jobs in Florida.” Digital Risk is leading the charge to restore confidence and bring positive change to the financial services industry. By providing powerful data and insight to the world’s leading financial services organizations, from global banking partners to huge government entities, Digital Risk has established a new standard of excellence in the risk mitigation arena. Digital Risk deploys its proprietary analytics and expert underwriting services to protect the interest of taxpayers and other investors embroiled in the ongoing financial crisis. By performing forensic reviews on literally tens of thousands of loans each month, Digital Risk works to help investors in residential mortgage backed securities recover losses while developing proprietary software and processes to help prevent another mortgage meltdown from occurring in the future. “During our nationwide search, we reviewed markets that could meet our current and future needs as a rapidly growing firm,” said Peter Kassabov, Chairman and CEO of Digital Risk. “Given the tremendous concentration of mortgage professionals in the area and the talented graduates entering the market from both the University of Central Florida and Rollins College each year, we feel confident about our long range plan to grow here. This will be an excellent partnership for all involved.” During a tour of Digital Risk’s facility, Lt. Governor Kottkamp addressed more than 250 employees and expressed his commitment to continued economic development and workforce growth in Florida. “Today is an exciting day for Florida’s professional and financial services industry. Florida’s business-friendly climate continues to appeal to growing, thriving industries,” said Lt. Governor Kottkamp. “I am confident Digital Risk will not only provide a crucial service to Floridians but also offer employment opportunities to Central Florida’s talented workforce.” “One of my top priorities as Mayor of Orange County has been to diversify the local economy,” said Mayor Richard Crotty, Orange County. “Consequently, I am very excited that Digital Risk has decided to invest in Orange County by expanding its headquarters.” The Governor’s Office of Trade, Tourism and Economic Development (OTTED) was pleased to partner with Metro Orlando Economic Development Council, Enterprise Florida, Orange County and the City of Maitland to secure this project for Metro Orlando. “Digital Risk LLC is a leader in the financial services sector and we are proud they have selected to expand in Maitland,” said Mayor Doug Kinson, City of Maitland. “It is important to not only support the growing companies in our region, but to do whatever possible to protect them from the risk of loss.” The contact information for potential candidates is job@digitalrisk.com.
About the Governor’s Office of Tourism, Trade and Economic Development The Office of Tourism, Trade and Economic Development (OTTED) formulates policies and strategies designed to promote economic growth and diversify the state’s economic base. OTTED provides executive direction, develops policies and advocates for economic diversification and improvements in Florida’s business climate and infrastructure by focusing on six economic drivers to unify state-wide economic development planning and action: 1) Sustainable growth, 2) Competitive business climate, 3) Multi-model infrastructure, 4) Research & development, 5) Entrepreneurial systems, and 6) World-class talent. For more information, visit www.flgov.com/otted_home .
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