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Carreker
Corporation Press Release - October
6, 2004
Carreker Names Olson to Lead Offshoring
Subsidiary Carretek; Promotes Inman
Carretek Appointment Reflects Carreker Corporation’s
Commitment to Offshoring Business
DALLAS, TEXAS (October 6, 2004) — Carreker
Corporation (Nasdaq: CANI), a leading provider of
technology and consulting solutions for the financial
industry, announced two organizational changes today.
- Robert M. (Bob) Olson has been named president
and chief executive officer of Carretek, LLC, Carreker’s
offshoring subsidiary.
- Michael J. (Mike) Inman has been named executive
vice president of Carreker Corporation and assumes
Olson’s previous responsibilities for relationship
management and marketing worldwide.
J. D. (Denny) Carreker, chairman and CEO of Carreker
Corporation, said, “We are pleased to have
the management depth that allows us to provide strong
leadership to Carretek at an important juncture in
the development of the offshoring space, while still
leveraging experienced leadership in our relationship
management organization.”
He added, “We recognize that many U.S. banks
are focused on carefully assessing their offshore
opportunities in back office operations. Bob Olson’s
relationships with these individuals, and his own
hands-on experience in managing banks’ back
office functions that are now candidates for offshoring
make him the perfect choice to lead Carretek. Likewise,
Mike Inman’s experience managing our relationship
management in the Americas will be valuable in bringing
scale and consistency to our worldwide relationship
management initiatives.”
Olson has been with Carreker for ten years, most
recently as head of relationship management and marketing
worldwide. Inman has been with Carreker for eleven
years, most recently as head of relationship management
for the Americas.
Carretek is Carreker’s offshoring business
in partnership with Majesco Software Inc., a subsidiary
of Mastek Limited, a leading global outsourcing company.
A number of developments – including the proliferation
of imaging technologies, the pressure on banks to
reduce payment processing costs, and the cost-effectiveness
of telecommunications and encryption technologies – are
combining to make offshoring of back office check
processing functions increasingly feasible and financially
attractive. Carretek is uniquely positioned to assist
financial institutions in that regard.
About Carreker Corporation
Carreker Corporation improves earnings for financial
institutions around the world. The Company’s
integrated consulting and software solutions are
designed to increase clients’ revenues and
reduce their expenses, while improving security
and increasing the value of their customer relationships.
Carreker provides products and services to more
than 250 clients in the United States, Canada,
the United Kingdom, Ireland, continental Europe,
Australia, New Zealand, South Africa, South America,
Mexico, and the Caribbean. Clients include the
full range of community, regional and large banks,
among them more than 75 of the largest 100 banks
in the United States. Headquartered in Dallas,
Texas since 1978, Carreker Corporation has offices
in London and Sydney. For more information, visit www.carreker.com.
About Carretek, LLC
Carretek is a partnership between Carreker Corporation
and Mastek Limited. Carretek offers companies the
opportunity to significantly reduce costs while
maintaining high quality standards for real time
and near real time payment and transaction operations
by combining domain expertise with state of the
art information security, imaging technology, process
reengineering and the cost efficiencies of a global
workforce. For more information, visit www.carretek.com.
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