Destiny Software Corporation, a leading provider of Internet financial services systems, announced last week that Lucinda Duncalfe was honored as one of the 40 most influential young business leaders in the Philadelphia area. Destiny Software’s chief executive received her award at a gala reception last week sponsored by the Philadelphia Business Journal.
Ms. Duncalfe, 36, was chosen for her efforts as chief executive of fast-growing Destiny Software. Destiny grew by over 400% in 1998, and recently signed two new top 10 banking institutions. Destiny also recently added Alex “Pete” Hart, the former Chief Executive of MasterCard and Advanta, to its Board of Directors.
“I really appreciate the honor of joining such a prestigious group. This award is particularly gratifying as it comes in the midst of the greatest momentum we’ve ever had at Destiny,” commented Ms. Duncalfe. “The Philadelphia community has been instrumental to our success, providing tremendous support, access to capital and a wealth of technical talent. I look forward to celebrating tonight with the finest young leaders from our region.”
The “40 Under 40” awards honor Philadelphia’s most talented young professionals. The award judges seek those individuals that shape the direction of the Philadelphia community in all phases of life including business, culture, social service, labor and government service.
Stephen Amsterdam, a Destiny Software Board Member, will also be honored at this year’s awards reception. Mr. Amsterdam is a founding principal of Pennsylvania Early Stage Partners, a $50 million venture capital fund associated with Safeguard Scientifics, Inc. (NYSE: SFE). Pennsylvania Early Stage Partners became an investor in Destiny Software in 1998.
Destiny Software is a leading provider of Internet systems to the world’s premier financial institutions. The company’s software and consulting services enable these organizations to build sophisticated Internet systems, rapidly and reliably. Destiny’s fixed price, fixed time project methodology, backed by a track record of success, eliminates the risks in implementing complex Internet solutions. Destiny’s clients include Bank of America, The Northern Trust Company, GE Capital and First USA (a Bank One subsidiary). The company’s web site is located at [www.destinysoftware.com].