| |
Carreker
Corporation Press Release - June
8, 2000
Carreker
Completes Acquisition of X-Port
Software Enterprises
DALLAS,
June 8 /PRNewswire/ -- Carreker
Corporation* (Nasdaq: CANI), a
leading provider of e-finance enabling
solutions to the financial industry,
can now offer its clients a complete
line of electronic cash processing
technology and services with completion
of the acquisition of X-Port Software
Enterprises of Toronto, Canada.
"This
acquisition establishes Carreker's
position as a world leader in e-finance
cash-handling technologies," said
J.D. "Denny" Carreker, Chairman
and Chief Executive Officer of
Carreker Corporation. "X-Port's
vault management software completes
Carreker's product line of cash
transaction processing and opens
the door to capitalize on significant
domestic and international markets
for insourcing and outsourcing
cash handling services." Carreker
had announced its intention to
acquire X-Port on May 3, 2000.
X-Port's
primary product, Vault Master IITM
software, provides banks and armored
carriers with centralized processing
technology allowing clients to
track cash movement as it occurs.
X-Port's products currently are
installed with clients that process
$1 billion to $1.5 billion in cash
on a daily basis.
X-Port's
acquisition enables Carreker to
complete its objective of providing
a fully automated currency management
solution to the banking industry,
said Royce Brown, Carreker's Vice
Chairman. Carreker also has recently
acquired AIS, an ATM fault management
and communications provider, and
The McHale Group, a transportation
consulting firm.
"Whether
cash processing is performed internally
by banks or outsourced to third
party vendors, Carreker's web-based
products provide cash handling
solutions that integrate software,
hardware, and communication technologies
to automate the manually intense
processing environment that exists
today." Brown said.
Jim
McHale, Carreker Senior Vice President
and Managing Director of the Currency
Management Group, said the acquisition
enables Carreker to provide a complete
suite of currency management technologies
and services to the industry. "Our
objective through this acquisition
is to provide our banking customers
with an end-to-end, Enterprise
Resource Planning (ERP) solution
that automates the processing,
tracking, reconciling, monitoring,
and reporting of the cash product," McHale
said.
*About
Carreker Corporation -- Carreker
Corporation, currently known
as Carreker-Antinori, Inc., has
recommended to shareholders that
the corporate name be changed
at the next annual meeting. The
company is a leading provider
of integrated consulting and
software solutions that enable
banks to increase revenue and/or
reduce costs, while leveraging
institutions' existing core competencies
in order to realize their e-commerce
potential. The Company's offerings
include revenue enhancement,
payment systems, and e-business
solutions. The Company's customers
include 170 financial institutions
in the United States, Canada,
United Kingdom, Ireland and Australia,
including 70 of the largest 100
banks in the United States. For
more information about Carreker-Antinori,
please visit our Web site at
http://www.carreker.com.
Forward-Looking
Statement -- In addition to historical
information contained herein, other
matters discussed in the news release
are forward-looking statements
within the meaning of Section 27A
of the Securities Act of 1933,
as amended and Section 32E of the
Securities and Exchange Act of
1934, as amended, and are subject
to the safe harbors created thereby.
The Company's future actual results
could differ materially from the
forward-looking statements discussed
herein because of the factors discussed
from time to time in the Company's
public reports filed with the Securities
and Exchange Commission, such as
those discussed under "Risk Factors" included
in its report on January 31, 2000.
SOURCE Carreker Corporation
SOURCE Carreker Corporation
CONTACT: Terry Gage of Carreker Corporation,
EVP & CFO, 972-371-1454, fax:972-458-2567.
|
|