Visigenic And Hitachi, Ltd. Partner To Deliver Transaction Processing Capabilities For Internet Banking; Concorde Solutions, A Subsidiary Of Bank Of America, Selects TPBroker As Infrastructure For Its Interactive Banking Solution

Business Wire, Dec 3, 1996

SAN MATEO, Calif.--(BUSINESS WIRE)--Dec. 3, 1996--Visigenic Software, Inc. (NASDAQ: VSGN) and Hitachi, Ltd., jointly announced today that TPBroker, the industry's first transaction processing object request broker (ORB), has been embedded into Concorde Solutions' Credit Card Online (CCOL) system.

Under the terms of the agreement, Concorde Solutions, Inc., a subsidiary of Bank of America, has selected TPBroker, a combination of Hitachi's large scale transaction service technology and Visigenic's VisiBroker for C object request broker, as the underlying technology for the application. TPBroker provides onal integrity and security for the mission-critical web based home banking application.

Available i personal information via the Internet. Concorde Solutions has utilized its banking and financial transactio allows customers using CCOL's banking business objects, to transparently conduct distributed banking trancapabilities enabling a fail safe environment that allows for the recovery and roll back of a transaction if it is interrupted or canceled.

Initially, CCOL and its use of TPBroker will be rolled into Bank of America's business application on the Web and will then be promoted by Concorde Solutions and Hitachi as packaged software for banking via the Internet.

"The explosive growth of the Internet/intranet market has prompted corporations worldwide to implement networking infrastructures required foed platform for home banking services. We have seen great need for our CCOL application and look forward to companies and our work with Visigenic to devetributed applications for Internet, intranet and enterprise computing environments with TPBroker."

"Leveraging the strengths of Hitachi and Visigenic, Concorde Sst advances in Web and distributed object techno that are robust, scaleable, flexible, and eastecture uniquely provides the flexibility, high availability, and scalability to support enterprise, mission-critical distributed business applications including those evaluating and designing their software architecture to leverage multi-tier client/server architectures and the increasing use of the web to connect customers with bus and existing enterprise systems and applicatican help application providers such as Concorde Solutions, make transactions over the Internet a reality, ultimately improving customer service and reducing processing croven for more than thirty years in Japan. Tranications, banks, and securities for their missolidated sales of $77 billion. The company markets and manufactures a wide range of products, including computers, semiconductors, consumer products and power and industrial equipment. The Hitachi, Ltd. homepage can be found at www.hitachi.co.jp and the Hitachi America, Ltd. hoill be written -- the open, distributed, objechannel for JDBC (Java Database Connectivity). Visigenic distributed object products include VisiBroker forInternet Inter-ORB protocol (IIOP). Additional ware, Inc.

Pat Kremer, 415/286-1900

pkremer@visigenic.com

or

Hitachi America, Ltd.

Ken Mizoguchi, 914/333-2902

or

The Horn Group, Inc.

Bill Cox, 415/579-6400

bcox@horngroup.com

KEYWORD: CALIFORNIA

INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED INTERACTIVE/MULTIMEDIA/INTERNET BANKING

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