SaaS (News - Alert) software vendor DisputeSuite.com has been acquired less than a year after launch. 

DisputeSuite provides Web-based customer relationship management and automation software for the financial services industry.

Brett Ryckman founded and created DisputeSuite.com in 2006 to provide back-end software for credit repair, loan modifications, debt settlement, and short sales. The application is described by company officials as a "multi-tenant software as a service... supporting thousands of customers and users on a single platform."

In May 2008, the company publicly launched DisputeSuite. Ryckman said "shortly after launch," DisputeSuite attracted a capital investor and raised funding. Since the May launch, Ryckman says, "over 1500 companies have signed up for the software."

 

He says the company succeeded, in part, because "we went after an industry that had a giant void. No other software companies were targeting credit repair or loan modification businesses, so these companies were ecstatic."

 

Prior to launching DisputeSuite, Ryckman worked as a Web and software designer for companies such as Kforce, Verizon (News - Alert), Catalina Marketing, and Perficient. He founded Elite Web Tech, a Web design agency, when he was 18 years old and ran it throughout college. 

In April 2009, less than a year just after launch, an offer to acquire the company came from a private investor, Ryckman said. The company was purchased by a private investor for an undisclosed amount. 

Shortly after releasing their software, DisputeSuite officials claimed that prior to its release, "credit repair companies were stuck using software that could not efficiently manage the credit repair and credit dispute process."

As of August 2008 DisputeSuite.com's standard edition software offered credit repair business software that started at only $45 per month.

The software, company officials said at the time, was "designed to meet the needs of all credit repair businesses," having such features as "an advanced interactive credit dispute letter library, which allows users access to proven credit dispute letters along with the capability to add an unlimited amount of completely custom dispute letters."

 

 

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