Austin, Texas – October 12, 2016 – Factom, Inc., a Blockchain as a Service (BaaS) company focused on delivering products that guarantee document and data integrity at scale, is pleased to announce the addition of three veteran executives with deep experience building distributed systems and enterprise mortgage software.

Mahesh Paolini-Subramanya As EVP of R&D, Paolini-Subramanya brings his extensive experience in building massively scalable and reliable distributed services to Factom. Paolini-Subramanya was previously the EVP of Engineering at Cielo24 – a leading provider of Media Intelligence to the Entertainment and Education industries. Prior to that, as VP of R&D, he headed up the Cloud-teams at Ubiquiti Networks – a multi-billion dollar provider of networking technology and platforms. Before that, as CTO, he founded and grew Aptela into one of the largest provider of cloud-based unified communication services in the US – leading to it’s acquisition by Vonage.

“Factom’s unique technology brings reliability, scalability, and ease-of-use to the blockchain world,” said Mahesh Paolini-Subramanya. “Bringing immutability and referencability to documents, be they blobs or structured data, while still providing the performance characteristics necessary to survive in the high-volume and high-velocity world of modern services – this is a game-changer.”

Laurie Pyle is a mortgage technology and operations expert. During her career, Pyle led product development building the nation’s largest mortgage electronic network as well as leading mortgage operations and technology teams nationally and internationally. She joined Factom to lead the creation of a suite of products for the mortgage industry based upon the Factom technology. Pyle comes to Factom from Corsair Associates, where as Managing Director she works with innovative technology companies in the Mortgage and Financial Services Industry. Prior, Pyle was EVP and CIO for Stewart Lender Services where she led both Stewart’s technology and operations teams. During her tenure, Pyle was named a 2013 Women of Influence by HousingWire.

As a founding executive team member at RealEC Technologies, Pyle managed product strategy, product design and oversight of client solutions. Pyle has also served on a number of boards providing strategic insight on operations, business expansion and technology strategy.

“I am very excited to be working with the Factom team,” said Laurie Pyle. “Factom protocol has great potential to significantly impact a number of facets of the mortgage industry for the better with increased transparency and indelible audit records.”

Jason Nadeau turns new technologies into mortgage innovations. For 20+ years, Nadeau has built successful companies by combining software breakthroughs with massive industry shifts. Jason has joined the Factom team leading mortgage strategy, revenue growth and business development strategy. Nadeau comes to Factom from Corsair Associates where as Senior Director he provides strategic consulting to mortgage technology companies. Before Corsair Associates, he served as Group President at Stewart Title and CEO of Stewart Lender Services. In his role, he led Stewart’s Lender Services business lines as well as an number of technology services. Nadeau oversaw lender strategy and operations, sales and sales strategy as well as managing government relations and mergers and acquisitions for the lender services segment.

Nadeau also served as Founder, President, and CTO of RealEC Technologies (now a Black Knight company) that he where he and the RealEC leadership team developed the largest Electronic Partner Network for the Mortgage Industry.

“The Factom solutions for the Mortgage Industry are some of the most innovative, yet easy adopted, ones that I’ve encountered,” said Jason Nadeau. “The ability to apply blockchain technology to the documentation and data challenges of the mortgage industry creates a completely new paradigm for compliance.”

About Factom, Inc.

Factom, Inc., is an Austin based blockchain technology company that’s on a mission to make the world’s systems honest. People and institutions today can solve hard problems and change the world for the better when they have a reliable framework to build upon. Honest systems free up dead capital, which allows companies to grow and helps people to lift themselves out of poverty.