Altisource Selects Boston for New Technology Innovation Lab

         Altisource Selects Boston for New Technology Innovation Lab

Company Will Hire 100 Software Professionals in Boston's Innovation District
in 2013

PR Newswire

LUXEMBOURG, May 9, 2013

LUXEMBOURG, May 9, 2013 /PRNewswire/ --Altisource^TM (Nasdaq:ASPS), a global
provider of high-value, technology-enabled services, today announced it is
opening Altisource™ Labs in Boston, immediately bringing 100 technology jobs
and strengthening the position of Boston's Innovation District as one of the
world's top technology centers. Altisource evaluated various global sites for
growing its software talent base before choosing Boston. Boston offers a deep
pool of enterprise software talent, executive leadership for high-growth
technology markets and a top-tier university system to supply the future
pipeline of talented professionals needed to build a world class innovation
lab.

(Logo: http://photos.prnewswire.com/prnh/20130509/NE10559LOGO )

Altisource plans to grow the innovation lab into one of the leading
business-to-business technology employers in the city. The opening of
Altisource Labs supports the company's rapid business growth and expanding
investments in its software portfolio. In the last three years, Altisource's
investments in technology and analytics innovations have helped Altisource
grow and recently spin off two new public companies generating net market
capitalization gains of over $2 billion since Altisource was formed in August
2009.

"Boston has a rich history of creating and growing successful enterprise
software technology companies and Altisource is pleased to build on that
tradition," said Mark Hynes, President of Technology Services for Altisource.
"Altisource Labs will give talented professionals the opportunity to work on
some of the industry's most interesting challenges in an environment that
combines the excitement and equity participation of a traditional start-up
with the stability, track record and career mobility of a thriving, global
public company."

Altisource's cloud-based software suite helps some of the world's largest and
most influential financial institutions tackle challenges related to advanced
data analytics, predictive consumer behavior modeling and business-process
optimization. To launch Altisource Labs, the company plans to hire 100
technology professionals, including software architects, product managers,
Java engineers, consumer analytics experts and software implementation
consultants, to help reinvent businesses for a new economy.

Altisource Labs is located on Fort Point Channel with views of the water and
Harborwalk. Altisource is seeking the region's best talent to help build some
of the most sophisticated process and analytics software on the planet. The
company rewards success with competitive pay, significant equity participation
and excellent benefits. To learn more about a career with Altisource, visit
http://www.altisourcelabs.com.

Forward-Looking Statements

This press release contains forward-looking statements that involve a number
of risks and uncertainties. Those forward-looking statements include all
statements that are not historical fact, including statements about
management's beliefs and expectations. Forward-looking statements are based on
management's beliefs as well as assumptions made by and information currently
available to management. Because such statements are based on expectations as
to future economic performance and are not statements of historical fact,
actual results may differ materially from those projected. The Company
undertakes no obligation to update any forward-looking statements whether as a
result of new information, future events or otherwise. The risks and
uncertainties to which forward-looking statements are subject include, but are
not limited to: Altisource's ability to retain existing customers and attract
new customers; general economic and market conditions; governmental
regulations, taxes and policies; availability of adequate and timely sources
of liquidity; and other risks and uncertainties detailed in the
"Forward-Looking Statements," "Risk Factors" and other sections of the
Company's Form 10-K and other filings with the Securities and Exchange
Commission.

About Altisource:

Altisource Portfolio Solutions S.A. (Nasdaq:ASPS) is a global provider of
services focused on high-value, technology-enabled, knowledge-based solutions
principally related to real estate and mortgage portfolio management, asset
recovery and customer relationship management. Additional information is
available at www.altisource.com.

Investor Contact:            Press Contact:

William B. Shepro            Abigail Snyder

Chief Executive Officer      Associate Marketing Manager

+352 2469 7901               770-383-4998

William.Shepro@Altisource.lu Abigail.Snyder@Altisource.com

SOURCE Altisource
 
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