Alogent Forecasts 44% CAGR in Deposit Automation Software Through 2008

Business Wire, March 1, 2006

ATLANTA -- Software leader predicts market growth of 100,000 desktops

Alogent Corp., a leading provider of enterprise payment transaction processing solutions for global financial institutions and processors and the market leader in deposit automation, predicts an estimated growth rate volume of 100,000 desktops by 2008. As Alogent today dominates the major share of the market with more than 32,000 desktop points of presentment sold, its successful deployment and implementation of deposit automation software via multiple delivery modes will continue to increase at a rapid pace for the next several years.

"This expansion is in line with banks' rapid adoption of point of capture at multiple points of presentment both pre- and post-Check 21," said Paul J. Citarella, EVP at Alogent. "Many of our customers have worked with us to answer the 'how and when' questions of implementation and this shows clear evidence that they are addressing the second level execution questions that must be answered when they reach the rollout phase. As experts in workflow and process automation, we are side by side with them to identify and address each customer's unique needs."

As the market leader in converging payments, Alogent's depth and breadth of industry knowledge centers on TransChannel Deposit Automation(TM), an advanced solution that can be deployed across all crucial retail banking customer touch points - branches, ATMs and business client locations. TransChannel Deposit Automation is the key to converging all retail channels, including branch (front and back counter), ATM, and business client cash management, into one stream for organic growth. The automation of one retail channel, such as business client cash management, not only reduces processing costs within that channel, it also frees personnel to spend more time with customers, build relationships and initiate cross-sell opportunities in other retail channels.

"Alogent is competing in an arena filled with long-standing players. In this light, its success is impressive and is evidence of the relative strength of its automated deposit applications," said Alenka Grealish, manager of the banking group, Celent, LLC.

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(R) 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 32,000 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.