Transoft International Ranked in the Top 25 Fastest Growing Technology Companies

Transoft International wins prestigious award as one of the top 50 fastest growing technology companies in North Carolina.

Cary, North Carolina, September 2003--Transoft International Inc., the recognized leader in currency management solutions for banks of all sizes worldwide, was for the second year in a row ranked in the Top 25 by Deloitte & Touche LLP, as one of the fastest growing technology companies in North Carolina. Rankings are based on the percentage of growth in fiscal year revenues over five years, from 1998-2002.

Bo Holmgreen, President, Transoft International Inc., said, Transoft is honored to be ranked among North Carolina Fastest growing technology companies. We are celebrating our 12th year in business and attribute our longevity and this award to our dedicated team of employees, who strive to fulfill our vision for Transoft 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.

Despite a downturn in bank IT spending, Transoft credits its steady, worldwide growth to several factors: First, Transofts core OptiCa$h Currency Management products induce millions of dollars in savings for banks within months of implementation. This is a very compelling value proposition and one reason banks willingly invest in Transofts time-tested products. Secondly, Transoft has implemented successful channel strategies with partners such as NCR, Diebold, KPMG and PSI International, Inc., helping facilitate local subsidiaries in Europe, South Africa, Australia and Latin America.
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 some of the most superior R&D expertise in the world. Turid Z. Kaehny, Transofts business manager, added: The North Carolina region includes the Research Triangle Park and consists of many aggressive exporting technology companies. Being in the top growth ranking amongst thousands of technology companies, particularly in this economy, is a significant achievement."

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.
Phone: 919.678.9192
joanna.mcgee@transoftinc.com