Alogent Adds Depth, Breadth and Experience to Its Sales Force; Expanded Sales Team Geared to Meet the Demands of Deposit Automation

Business Wire, April 4, 2006

ATLANTA -- Alogent Corp., a leading provider of enterprise payment transaction processing solutions for global financial institutions and processors, announced the appointment of several market-leading personnel to augment its experienced sales team.

"We have, and will, continue to hire the best talent in the industry to further invest in our company and product assets, as well as enhance our deep knowledge and skill in delivering the most robust deposit automation solution available in the market," said Paul Citarella, EVP at Alogent. "Our team comprises an enormous pool of talent, dedication and energy coupled with deep financial services experience, payments knowledge and technology expertise."

Among the announcements, Brian Gilmour has been named senior account executive where he is responsible for developing and building business partnerships to strategically grow account relationships. His most previous experience was with NetDeposit as VP of sales. Mark Bichsel, former Alogent sales engineer, has also accepted a position as senior account executive. In this role, Bichsel will develop and administer sales strategies focused on financial performance, operational process improvement and performance as well as analyze new and existing target markets.

In addition, Brian Benson joins Alogent as sales engineer where he provides technical direction, sales strategy and account support. Formerly a senior technical solutions manager at NetDeposit, Benson focused on cash management and remote capture accounts. Tina Crawford, former senior quality assurance analyst at Alogent, has also been promoted to sales engineer and will have similar responsibilities.

The recent growth in Alogent's sales force supports the company's investment to continually leverage its distributed capture market leadership and better serve the growing demand for deposit automation solutions. In January, the company announced that its U.S. revenue results for 2005 have grown by 27% over 2004, with contract bookings increasing by 46% from 2004 to 2005. This progression continues Alogent's track record of over 79% U.S. revenue compound annual growth rate (CAGR) over the past two years and is fueled by all banking sectors including Top Tier institutions, regional and community banks, credit unions, and processors. By expanding its sales access to the financial institution market, Alogent is committed to reaching its previously announced forecast of 100,000 deposit automation desktops by 2008.

About Alogent

Founded in 1995, Alogent Corporation is a leading global provider of enterprise payment processing solutions that enable financial institutions and processors to accelerate the conversion of paper to electronic processing. The company's Sierra suite of solutions automates payments and deposits at every point of presentment (including branches, ATMs, merchants, corporations and cash vaults) while optimizing electronic data and image processing and settlement. Alogent is the deposit automation market leader with our platform processing billions of payments annually with over 33,000 desktop points of presentment sold. The company's customers include HSBC, KeyCorp, Lloyds TSB and SunTrust, among others. Alogent brings proven delivery and leadership to help customers worldwide address mission-critical challenges. For more information, visit www.alogent.com or call 800.333.6030.