Transoft Makes Deloitte & Touche Fast 50 List

Transoft is one of the 50 fastest growing technology companies in North Carolina, as cited by Deloitte & Touche, for the second consecutive year.

Cary, North Carolina (PRWEB) August 11, 2003 -- Transoft International Inc., the recognized leader in the provision of currency management solutions worldwide, received notification from Deloitte & Touche, confirming Transoft as one of the 50 fastest growing technology companies in North Carolina.

Bo Holmgreen, President, Transoft International, had this to say; Transoft is honored to be ranked among the North Carolina Technology Fast 50 companies for the second consecutive year. We attribute this to our dedicated team of employees, who strive to fulfill our vision for Transoft -- in North Carolina and across the globe. We are also very grateful to our loyal customers who believe in our vision, support our efforts and continue to grow with us."

Transoft International, Inc. is strategically headquartered in close proximity to the epicenter of an internationally renowned, cutting-edge research and development area--Research Triangle Park. Because of its location, Transoft is able to attract and retain the most superior R&D expertise in the world.

Despite a downturn in the U.S. economy, Transoft continues its expansion in the U.S., Europe, South Africa, the Pacific Rim and Latin America. Transoft attributes its steady growth to several factors: strong savings benefits of its core products, successful channel strategies and international expansion.

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1998 and $1,000,000 in 2002, must be public or private companies headquartered North America, and be "technology companies" defined as companies that own proprietary technology which contributes to a significant portion of the companys operating revenues or devotes a high percentage of effort to research and development of technology.

Winners of the 20 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks North Americas top 500 fastest growing technology companies. For more information on the Deloitte & Touche Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.

About Transoft

Transoft International, Inc. develops end-to-end currency management solutions for the banking industry. These solutions manage and optimize cash levels within the vault, branch and ATM networks. With customers spanning 6 continents, Transofts solutions manage cash for nearly 100,000 ATMs and branches. These solutions are offered directly to customers as in-house systems or via global or regional partners.

Contact:

Transoft International, Inc.
Joanna McGee
Phone: 919.678.9192
Joanna.Mcgee@Transoftinc.com