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Alogent's New International Headquarters

A logent Corp., a developer of payment transaction processing solutions for global financial institutions and remittance processors, has expanded its U.S. presence by opening a new corporate headquarters in Alpharetta, Ga.

Founded in 1995 by CEO Brian R. Geisel as a payment systems project consulting and software development company, Alogent is based on its proven success in merging paper check processing and image-captured data. The company made the decision to leverage its legacy-system expertise into a strategic product that facilitates the transition from paper to electronic payment processing.

Alogent has experienced rapid growth and expansion and this year expects to double its total revenues from 2000 and quadruple its license revenue. It has achieved profitability every year since its inception and continues to generate profits and positive cash flows. Staffing has grown by 70 percent since last year, and company hiring is expected to continue at a record pace through the end of this year.

The company's origins are deep in both Great Britain and United States financial services industry through the individual and collective experience of its highly skilled staff. The know-how gained from providing consulting projects to Chase Manhattan Bank and five Federal Reserve Bank districts positioned the company to provide its fast and efficient payment solution product to such global clientele as Lloyds TSB Bank, HSBC Bank, Barclays Bank, Girobank and the outsource processing consortium iPSL.

In the U.S., remittance-processing giants such as Southwestern Bell Communications, Texas Utilities, Florida Power and Light, and First Energy employ the company's transaction-processing engine, and other big billers were scheduled to begin this year.

By 1999, Alogent was forced to move to new facilities to house its rapidly expanding software development and management team. The organization is exemplified by payment system and information technology professionals who average almost a decade of software development experience per person. This talent is backed by superb training and rigorous team project management practices.

On May 1, 2000, the corporation announced the opening of its new office in London, further expanding its tactical sales and service to international customers.

Now, Alogent has moved its international corporate headquarters yet again, this time to a 35,000-square-foot facility with an 8,000-square-foot Sierra Solutions Center, dedicated to testing, qualifications education, and demonstrations of the company's Sierra range of products. The center contains both countertop and high-speed image capture and document processing devices from key manufacturers, such as Epson, Seac Banche, Digital Check, NCR, Unisys and IBM.

It features the banking industry's top payment processing platforms, including CPCS running on an IBM 3890, for testing the company's back- office payment processing software, Sierra Clearing. It also provides an array of hardware and software for developing and testing interfaces between its front-office product, Sierra xClearing, and its third-party front-office software applications.

This highly sophisticated, multiplatform processing environment supports the company's focus on developing enterprise-wide Windows NT/2000 software products that supplement and enhance critical operations of large financial institutions.

Alogent develops and delivers the Sierra open-architecture payment processing software solutions to banks, financial institutions and remittance processors who want to make payment processing more efficient and more profitable. Alogent's front- and back-office image and MICR payment solutions are scalable, Web-deployed and based on the Microsoft DNA architecture and XML.

Alogent was named to the Atlanta Business Chronicle's Pacesetter lists in 2000 and 2001 as well as to the Deloitte & Touche Technology Fast 500 and the Inc. 500 lists of fastest-growing companies.

"Alogent's reputation for high-quality technical solutions has moved us into new spheres of influence and scale," Geisel said. "Since we are developing mission-critical software solutions for several of the largest financial institutions in the world, it makes sense for us to create a world-class office and demonstration facility. We want our current clients and future customers to see for themselves how our tradition of excellence results in product innovation and quality in both legacy environments and distributed operations."

For more information, visit the company's Web site at www.alogent.com, phone 770-752-6362 or fax 678-966-9124.