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Transoft Celebrates its Tenth Birthday
Transoft International, Inc. the world leader in currency management solutions for the banking industry is proud to announce it's 10th anniversary. Transoft, which began as a consulting firm specializing in Electronic Funds Transfer, has put 10 years of innovation and industry expertise into developing the most effective solution in the market for currency management.
Raleigh-Durham, NC, USA, February 2002: North Carolina based Transoft International, Inc. (Transoft) recently celebrated its 10th year anniversary. Transoft -- which revolutionized currency management and cost control for the banking industry -- celebrated its anniversary following its Annual Users Conference in Las Vegas, Nevada.
"We are proud of this accomplishment," said Bo Holmgreen, President and CEO. It has been a very long and satisfying road, and what has given us the most satisfaction is to know that our solutions have pioneered and inspired a global industry providing real returns for our customers".
The company was founded in 1992 as a consulting firm primarily focused on currency management solution implementation but quickly recognized the importance of and need for better software for the industry. It was in 1994 that Transoft made the strategic decision to capitalize on its in-depth knowledge of currency management and develop its own software; the OptiCa$h Currency Management application.
Today Transoft continues leading the way in currency management solutions with the industrys most mature and robust software. Repeatedly, Transoft products are chosen by the worlds largest institutions and outsourcing companies. We look forward to the next ten years and to the continued evolution of our product suite," said Holmgreen. We will continue investing toward our commitment to provide the most advanced solutions available on the market and to serving our customers in the way that they have become accustomed."
About Transoft:
Transoft is the world's leading provider of currency supply chain management analytical applications for the commercial banking industry. Transoft, based in Cary, North Carolina and founded in 1992, develops software that provides large recurring cost savings in the ATM, branch and vault networks of banks by applying Operations Research and statistical analysis to cash inventory management and balancing of all cost components.
The company's products include OptiCa$hİ, the industry's leading integrated set of analytical applications for predicting currency demand at each cash point, while optimizing cash deliveries and clearings; and eATMİ, the next level of NDC/912 ATM software that is hardware independent, thus offering the capability to operate and manage and entire ATM network with one software application.
The components of the OptiCa$hİ suite are: OptiCa$hİ, the leading optimization and end-to-end processing tool for Currency Management, OptiNetİ, an integrated web-enabled branch and carrier communications tool that extends the functionality of OptiCa$hİ to intranets; and OptiVaultİ, a vault consolidation analytical application that optimizes currency and coin ordering, denomination management and clearing methods for bank money rooms and carrier vaults.
Transoft is a privately held company with more than 40 customers in production across 6 continents, managing cash for over 40,000 ATMs and 14,500 bank branches. Transoft can be reached at 919.678.9192 and www.transoftinc.com.
A full-text copy may be downloaded from the web; access http://www.transoftinc.com and click on News & Events.
Contact:
Transoft International, Inc.
Roger L. Baldridge, 919.678.9192 Ext. 3
Roger.Baldridge@Transoftinc.com
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