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PROFIT INSIGHT Hires New CIO and Managing Director for Data & Analytics to Meet Expanding Demand for Services

MOORESVILLE, N.C., Sept. 9, 2014 (GLOBE NEWSWIRE) -- PROFIT INSIGHT®, an international consulting firm specializing in earnings optimization in the financial services industry, has announced the hiring of two senior executives to meet the rising demand for its services. Lecia Pearce has been hired as Managing Director and Eric Caruthers has been hired as the company's new Chief Information Officer.

Pearce and Caruthers form the nucleus of a team that will expand PROFIT INSIGHT's analytics capabilities to help clients around the world improve financial efficiency in every aspect of their businesses. PROFIT INSIGHT accomplishes this by identifying and eliminating revenue "leakage," finding other sources of revenue and cost savings, improving operations and enhancing client profitability through better business intelligence. For over 40 years, PROFIT INSIGHT has found more than $40 billion in revenue and cost improvements for clients on six continents.

"Big Data is everywhere today, but it needs the right analytics and insights to become truly useful," said Chris McKee, the PROFIT INSIGHT principal responsible for global corporate strategy and development. "Lecia Pearce and Eric Caruthers are highly skilled analysts and big data experts who bring decades of knowledge and experience that will help our clients make the best decisions possible," McKee said.

Managing Director for Data & Analytics Lecia Pearce has 15 years of experience in all facets of business and financial services IT, including software development and business process re-engineering. The former CEO of her own IT consulting firm, she has worked on projects for large companies such as Lending Tree and Bank of America. She will focus on using technology to uncover hidden revenue opportunities as part of the newly formed engagement team.

Eric Caruthers, PROFIT INSIGHT's new CIO, brings over 17 years of IT experience to the company as its overall technology leader. He previously worked at several innovative technology startups in Charlotte, North Carolina, including YOUcentric and Agastha, Inc., where he was vice president of technology. He will use his ten years of experience in engineering large enterprise applications with Wells Fargo Securities and Bank of America to create technology and operational solutions in support of the on-site client engagement group.

"We are very excited to be part of the global team of experts at PROFIT INSIGHT," said Eric Caruthers. "The current environment is a difficult one for our customers. With increased scrutiny from regulators, the press and the general public, financial institutions and service companies are looking for ways to increase profits and reduce expenses through optimization, data-driven decisions and actionable insight," Caruthers said. "PROFIT INSIGHT has helped clients accomplish this for four decades, and is taking technology and analytics tools to an entirely new level. We are thrilled to be part of this globally important, game-changing effort."

About PROFIT INSIGHT®



PROFIT INSIGHT® is an international earnings enhancement firm providing specialized profitability and performance improvement solutions to financial institutions worldwide. For more than forty years, PROFIT INSIGHT® has helped financial customers on six continents realize over $40 billion in incremental revenue and cost reduction benefits. PROFIT INSIGHT delivers results through its three global divisions – the Americas, EMEAR (Europe/Middle East/Africa/Russia) and AsiaPAC (Asia/Pacific). Known for its short, non-intrusive engagements, PROFIT INSIGHT is uniquely compensated based on the actionable revenue opportunities it finds for its clients. The company is based in Mooresville, North Carolina and can be found online at www.profitinsight.com.

Media Contact:
Jim Hennessy
Strategic Vantage Mortgage Public Relations
858.774.0201
JimHennessy@StrategicVantage.com

A photo accompanying this release is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=27547

CONTACT: Jim Hennessy Strategic Vantage Mortgage Public Relations 858.774.0201 JimHennessy@StrategicVantage.com

Source: Profit Insight