This is the era of plug and play. SOA, industry data and messaging standards, the open source movement facilitated by a practically free global network and a general reluctance to get locked into multi-million dollar proprietary platforms has all conspired to create an environment where technology players just naturally gravitate toward partnership. But that, in and of itself, is not enough to justify an 86% growth in Dynatek Plug-In partners?
Dynatek offers the MORvision loan origination system. I spoke to founder Jack Luhtanen for a recent Mortgage Banking article. It’s hard to argue with the fact that his company was utilizing a Services Oriented Architecture long before it was cool. Plug-In partners are all the service providers that lenders work with who have taken the time to integrate their software with MORvision.
The Livonia, Mich.-based company made the announcement earlier this month, reporting that its Plug-Ins and Partners increased from 110 to 125. Plug-In transactions also grew by 241,724, bringing the company’s two-year adjusted growth to 86%.
Dynatek added 15 new Plug-Ins in 2006. This represents 13.64% growth in the number of partners, brings the company’s grand total up to 125 Plug-Ins in 17 categories, and triples the number of choices available to MORvision customers since 2004.