Advanced Financial Solutions and EqualLogic Enter into OEM Agreement

Business Wire,  Dec 21, 2004  

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NASHUA, N.H. -- Leading Provider of Payment Processing Solutions Selects EqualLogic's PS Family of Products to Serve as Core Storage Environment Option for Its Check Imaging Product Line

EqualLogic(R), Inc., a leading provider of iSCSI-based self-managing networked storage solutions, today announced the company has entered into an OEM agreement with Advanced Financial Solutions (AFS), a leading provider of image-enabled payment processing solutions for the financial services industry. AFS will integrate EqualLogic's award-winning PS Series of storage arrays within its ImageVision platform, allowing customers to reap the benefits of on-demand storage access and flexibility in managing their in-house check archives.

AFS is a technology company recognized worldwide for image-based digital solutions that meet real-world check and remittance processing needs. 57 percent of U.S. financial institutions use check-imaging solutions from AFS ImageVision. AFS selected EqualLogic's PS Series storage arrays because of their modular flexibility, excellent performance and ease of management that lets customers grow their storage as needed for managing AFS check processing solutions.

From banks to retailers to utilities, businesses of all types count on AFS for solutions that enable them to process payments, transactions and documents more efficiently and profitably. With EqualLogic serving as the main storage device for the check images, AFS can now offer customers long-term storage benefits without added costs and equipment over time. EqualLogic provides an alternative to traditional Fibre Channel solutions for AFS, allowing the company to pass additional cost and time savings to customers.

"EqualLogic allows us to deliver an enterprise-quality, high-performance storage environment with unprecedented ease of use and automation that can be completely set up in less than an hour," said Jeff Vetterick, vice president of marketing for AFS. "In addition to simplifying storage installation and management, PS arrays allow us to offer a more cost-effective alternative to more price-sensitive customers, expanding the market for our check-imaging solutions."

EqualLogic is the only standards-compliant IP SAN solution provider to offer a comprehensive and fully integrated, standard feature set at no additional cost to the customer. Each PS Series storage array comes with fully redundant, fault-tolerant hardware and includes full-featured automatic storage-management software. Multiple arrays can be combined to form a scalable enterprise storage grid of more than 100 terabytes.

"AFS is a technology innovator within the financial services community, and its commitment to customers is evident by their impressive list of financial institutions that rely on them for all their check processing needs," said John Joseph, vice president of marketing at EqualLogic. "EqualLogic will provide AFS customers with a nimble platform for storage growth, allowing them to achieve cost benefits that were not possible before."

About Advanced Financial Solutions

Founded in 1992, Advanced Financial Solutions Inc. (AFS), a Metavante company, has delivered high-quality image-based and conventional check processing solutions to the financial services industry. AFS was one of the first companies to offer image and item processing technology based on the Microsoft Windows .NET operating environment. All AFS item-imaging solutions are designed from the ground up with the functionality that banks and remittance processors need for operating in a high capacity transaction-based environment. Based in Oklahoma City, AFS became a Metavante company on July 1, 2004. For more information, see www.afsimage.com.

About EqualLogic

EqualLogic(R), Inc., is the leading provider of intelligent, all-inclusive iSCSI storage area network (SAN) solutions that enable businesses - from Fortune 100 to small and mid-size organizations - to realize the economic benefits of consolidated, self-managing storage. The EqualLogic PS Series of storage arrays, based on the company's patented peer storage architecture, is the industry's first automatic storage platform that delivers operational simplicity, comprehensive data management services and high data availability in a single, scalable pool of storage. EqualLogic's headquarters are located in Nashua, New Hampshire. For more information, please visit http://www.equallogic.com.

EqualLogic is a registered trademark of EqualLogic, Inc. Other marks belong to their respective owners.

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