|
FOR IMMEDIATE RELEASE
Media Relations Contact:
Jennifer-Robyn Meier
William Mills Agency
300 West Wieuca Road
Bldg. One Suite 300
Atlanta, GA 30342-3394
ph: 615.383.0803
jenniferrobyn@williammills.com
|
|
|
Alogent Receives Award For Excellence in Technology Marketing
-Recognized for Corporate Repositioning-
ATLANTA - June 10, 2003 - Alogent Corp., a provider of payment transaction processing solutions for
global financial institutions, remittance and payment processors, announced it
received the 2003 Excellence in Technology Marketing award from the Technology
Marketing Association for the company’s repositioning and successful penetration
of the U.S. marketplace.
“Alogent has successfully transformed itself from a contract research and
development company at its inception in 1995, to a worldwide solutions company
focused on bringing strategic transaction processing products and services to
the largest financial institutions in the world,” said Vijay Balakrishnan, vice
president of marketing at Alogent Corp. “We have successfully changed our
business model, and leveraged of our U.K successes to bring value and proven
solutions to our U.S. customers.”
The Alogent strategy has been to effect alignment of corporate positioning,
product lifecycles across geographies, product positioning, product to market
process, the sales and distribution model, and corporate and product awareness
building. Considerable care was taken to ensure that all elements of strategy
were directed towards achieving profitable growth and penetrating the top 100
banks and processors in the U.S. with product sales, while building on market
success in the United Kingdom.
A key success factor has been Alogent’s ability to exploit similarities in
product lifecycles across geographies. The decline in paper checks and the
resulting rise in unit costs of processing experienced by U.K. banks in the
1990s, is now underway in the U.S.
Alogent has thus been able to incorporate its U.K. experience of building and
implementing scalable enterprise payment solutions to deliver process
efficiency, and cost reduction, to address the needs of its U.S. customers. The
positioning, at both corporate and product levels, reflects a balance between
anticipated market evolution and ability to meet existing market needs. Alogent
has been a profitable, high growth company since inception. Alogent’s products
are used by iPSL- the joint venture responsible for processing 70 percent of the
checks written in the U.K. Alogent was also selected by Lloyds TSB Bank, and
Barclays Bank Plc. for deposit automation at over 700 and 500 branches
respectively. In the U.S., Alogent products are used for bill payment processing
at leading utility, and telecommunication companies like BellSouth, Texas
Utilities, Florida Power and Light, and others resulting in an estimated
processing volume of 1 billion transactions per year. Alogent is implementing
its technology at World Savings Bank where it will be used across 270 branches,
and it recently signed an agreement for the largest branch deposit automation
implementation in the world across 1,800 branches at one of the 10 largest banks
in the United States.
To be eligible for the TMA 2003 Awards for Excellence in Technology
Marketing, applicants must represent an organization that has demonstrated
significant and measurable accomplishments in the selected technology marketing
awards category. The company or its affiliate must be currently active in
technology in Georgia, and the marketing program entered must be managed
entirely from Georgia.
About TMA
The Technology Marketing Association (TMA) is Georgia’s premier organization
for technology marketing. Designed for technology pioneers and business leaders
charged with growing their company; and who want to achieve greater financial
success through marketing, The Technology Marketing Association provides
first-hand exposure to marketing tools, programs, and people who lead our
technology-driven economy, as well as networking. TMA is a society of the
Technology Association of Georgia.
About ProfitStars
ProfitStars, a division of Jack Henry & Associates, Inc., provides
best-of-breed solutions that improve the performance of financial institutions
of all asset sizes and charters, and diverse corporate entities. These solutions
facilitate revenue and growth, risk mitigation and control, and cost control;
and complement virtually any core information processing platform. Additional
information is available at www.profitstars.com.
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of
computer systems and ATM/debit card/ACH transaction processing services
primarily for financial services organizations. Its technology solutions serve
more than 11,800 customers nationwide, and are marketed and supported through
three primary brands. Jack Henry Banking(TM) supports banks ranging from
de novo to mid-tier institutions with information and transaction processing
solutions. Symitar(TM) is the leading provider of information and
transaction processing solutions for credit unions of all sizes.
ProfitStars(R) provides highly specialized products and services that
enable financial institutions of every asset size and charter, and diverse
corporate entities to mitigate and control risks, optimize revenue and growth
opportunities, and contain costs. Additional information is available at www.jackhenry.com.
Statements made in this news release that are not historical facts are
forward-looking information. Actual results may differ materially from those
projected in any forward-looking information. Specifically, there are a number
of important factors that could cause actual results to differ materially from
those anticipated by any forward-looking information. Additional information on
these and other factors, which could affect the Company's financial results, are
included in its Securities and Exchange Commission (SEC) filings on Form 10-K,
and potential investors should review these statements. Finally, there may be
other factors not mentioned above or included in the Company's SEC filings that
may cause actual results to differ materially from any forward-looking
information.
SOURCE Jack Henry & Associates, Inc.
http://www.jackhenry.com

|