| |
Carreker
Corporation Press Release - June
3, 2002
Carreker Grants Enterprise License
for Archive Software to Viewpointe
Momentum Building for Image
Based Solutions
DALLAS (June 3, 2002) — Carreker
Corporation (Nasdaq: CANI) announced
today it granted an enterprise
license agreement for Carreker’s
image archive technology to Viewpointe
Archive Services, L.L.C., the image
archive company used by Bank of
America, J.P. Morgan Chase & Co.,
U.S. Bancorp, SunTrust, Zions Bancorporation,
HSBC Bank USA and First Tennessee
Bank.
Under the agreement, Viewpointe
purchased an enterprise license for
the four applications that comprise
Carreker’s image archive technology,
in addition to ongoing annual maintenance
of the software. The deal amounts
to a multi-million dollar licensing
agreement during the quarter, as
well as an increase in the Company’s
maintenance revenue.
John Lettko, Chairman and CEO of
Viewpointe Archive Services, noted, “Carreker’s
software has been a part of Viewpointe’s
positive growth strategy and this
new agreement will provide flexibility
and savings as we continue to grow.”
Said Carreker’s Chairman and
CEO J. D. (Denny) Carreker, “We
are highly supportive of this momentum
that makes it easier for banks to
participate in the gathering trend
toward payment electronification – converting
paper payments to digitized information.”
Joe M. Rowell, President of Carreker’s
Global Technology Solutions, pointed
out that Carreker’s image archive
technology already dominates the
industry. Besides Viewpointe, with
40 percent of U.S. check volumes
under contract, Carreker’s
technology is also used by Symcor,
the Canadian processor founded by
three of Canada’s largest banks,
and the Federal Reserve System, which
handles about one-third of U.S. check
volumes, typically derived from smaller
banks.
About Carreker
Carreker Corporation improves earnings
for financial institutions around
the world. The Company’s integrated
consulting and software solutions
are designed to increase our clients’ revenues
and reduce expenses, while improving
security and increasing the value
of their customer relationships.
Carreker provides products and services
to more than 200 clients in the United
States, Canada, the United Kingdom,
Ireland, Australia, and South Africa.
Clients consist of the full range
of community, regional and large
banks, including more than 75 of
the largest 100 banks in the United
States. Headquartered in Dallas,
Texas since 1978, Carreker Corporation
also has offices located around the
world including London, Toronto,
and Sydney. For more information,
visit www.carreker.com.
Forward Looking Statement — This
document contains forward-looking
statements based on current expectations
that are inherently subject to
risks and uncertainties. The words "estimate," "project," "intend," "expect," "believe," "plan" and
similar expressions are intended
to identify forward-looking statements.
The Company's actual results could
differ materially from those currently
anticipated due to a number of
factors, including, but not limited
to, changes in the banking industry’s
demand for the Company’s
solutions, significant customer
concentration and the potential
loss of a significant customer,
variations in operating results,
reduction in revenues due to pricing
arrangements, the infrequent use
of long-term contracts with customers,
the focus of the Company's technology
and consulting solutions and the
chance that they will not be accepted
in the marketplace, risks associated
with rapid growth in the Company’s
business, the inability to attract
and retain key personnel, existence
of defects or errors in the Company’s
software, ability to develop new
technologies and services, ability
to meet the changing needs of customers,
dependence on third-party Internet
providers and the Internet, intense
competition, risks associated with
strategic alliances and acquisitions,
inability to protect the Company's
proprietary rights, infringement
and other claims and related expenses,
reliance on third-party licenses,
volatility in the Company's stock
price, exposure to risks associated
with our indebtedness, international
operations, reliance on independent
contractors, adoption of Financial
Accounting Standard No. 142, governmental
regulation and legal uncertainties
and anti-takeover provisions in
the Company's charter documents
and under applicable law. These
and other factors are set forth
in the Company's annual report
on Form 10-K filed on April 15,
2002 and in other reports and documents
filed by the Company with the Securities
and Exchange Commission from time
to time.
Carreker Corporation Contacts:
Michelle Tanner, PR Manager
972 371-1582 PH
972 233-7831 FX
Email: mtanner@carreker.com
Terry Gage, Executive Vice President,
CFO
972 371-1454 PH
972 701-0758 FX
Email: tgage@carreker.com
|
|
