Rich May News: 2006

February 7, 2006


Rich May Clients, Rage Frameworks, Venkat Srinivasan, and Team of Credit Industry Veterans Launch CreditPointe, Inc. to Provide Credit Analysis Services

CreditPointe, Inc. will address the growing need for timely, thorough and cost-effective analysis of credit risk around the globe through in-depth credit risk analysis products and client-specific services.

An experienced team of credit industry veterans led by Rich May client, Dr. Venkat Srinivasan, recently launched CreditPointe, Inc., to address the growing need to provide corporations and financial institutions with timely, cost effective, thorough business credit risk analysis services on companies around the globe. CreditPointe intends to provide a set of credit analysis products and services that comprehensively address the issues of timely analysis, resource availability within the enterprise, regulatory compliance, e.g., Sarbanes-Oxley requirements in the U.S., and information availability.

For complete press release click here


About CreditPointe, Inc.

CreditPointe, Inc., is a privately-held company providing credit risk analysis products and services. CreditPointe is a subsidiary of Rage Holdings, LLC and is a licensee of proprietary technology from its affiliate Rage Frameworks, Inc. Rage Frameworks is a business incubator focused on starting and growing capital efficient, process-aware businesses; the first of which, Corporate Fundamentals was sold to Hemscott plc in November 2005.

To Learn more about CreditPointe, visit www.creditpointe.com.


About Rage Frameworks

The Rage Group, based in Westwood, MA, is in the business of conceiving, developing, launching, incubating and accelerating the growth of businesses, products and services which leverage proprietary intellectual property such as Rage’s revolutionary business process automation technology, and the differentiated and integrated expertise of its principals and affiliates in information technology and collection, finance, credit, venture investing, statistical methodologies and on-shore and off-shore business process engineering and operations. Rage Frameworks’s patent-pending technology dramatically reduces the time to market for software applications without compromising robustness and flexibility. The Rage Group includes a seasoned team that has over a decade of experience delivering similar technology and solutions. Rage Frameworks licenses technology and provides start-up business services to emerging information companies, and Rage Holdings leverages Rage Frameworks proprietary technology and business development resources as an early stage investor by providing financial support. The Rage Group is led by CEO Dr. Venkat Srinivasan.


Before founding Rage, Venkat served as the first Entrepreneur-in-Residence at Bain Capital and was the Chairman and CEO of eCredit.com, Inc., a leading provider of credit, financing and receivables management solutions for business-to-business and business-to-consumer commerce. Venkat founded eCredit.com in 1993 and sold a 30% stake to the Internet Capital Group for $450MM in 2000.


Prior to founding eCredit.com in 1993, Venkat served as an Associate Professor of Finance at Northeastern University in Boston, MA. Prior to that, he worked for Union Carbide as Cash Manager for the company’s vast operations in India. Venkat holds a Ph.D. in Finance from the University of Cincinnati, is a Premier Member of the Credit Research Foundation, a Charter Member of the Tie-Boston, a Trustee of the HarborAlliance and a Certified Chartered Accountant [equivalent to a CPA] in India. Rich May has worked with Venkat since 1993 and has served as general counsel of each company he has founded.


About Rich May


Rich May’s diverse practice embraces the organization and operation of business ventures, venture capital, private placements, hedge funds, public offerings, technology licensing, mergers and acquisitions, contracts, joint ventures, internet and e-commerce law, employee relations, intellectual property, litigation and dispute resolution, energy, telecommunications, public utilities, wealth planning and real estate. Rich May provides superior legal and strategic counsel through its extraordinary commitment to clients’ success, outstanding professional competence and straightforward ability to communicate. Rich May embraces an entrepreneurial spirit and maintains a mission execution culture that distinguishes Rich May from other law firms.


Rich May combines the stability and experience of one of Boston’s oldest preeminent law firms with the innovative spirit and energy of a venture catalyst intensely focused on serving high-tech entrepreneurs, emerging companies and investors in New England and throughout the United States.


For more information, visit www.richmaylaw.com.