Trintech Announces Record Growth for 2010 and Commits to Further Expansion in Europe


LONDON, DALLAS and DUBLIN, Ireland, Feb. 1, 2011 (GLOBE NEWSWIRE) -- Trintech experienced record growth over the past 12 months in EMEA with the continued addition of new clients such as ITV, Celanese, Fidelity International, Sanoma, ASDA and TJX Europe. Also driving growth is the development of key partnerships across Europe, such as in Eastern Europe and The Nordics. These complement our continued successful relationships with major Business Processing Outsource, or BPO, providers.

"We are seeing a continued increase in demand for our solutions as visibility, control and governance remain core to the Shared Service Centre model and for enterprise financial teams," Tony Bethell, VP EMEA explained. "The increase in clients, revenue and demand has necessitated Trintech to move to new and expanded offices in Holland and the UK, whilst ensuring good support and customer satisfaction through the addition of more consulting and support personnel."

"The prospects for 2011 remain strong reflecting an expanded demand for Trintech solutions in the region and we are confident that our doubling of resources has Trintech well positioned as the economy begins to improve across EMEA," he added.

About Trintech

Trintech is the leading global provider of integrated software solutions for the Last Mile of Finance. From the time a transaction occurs to the time financial statements are issued, Trintech's innovative Unity Suite automates data collection, account reconciliation, financial close management, financial reporting, XBRL, and financial control testing. As a result, our 600 clients and 100,000 users worldwide benefit from an enterprise wide view into critical financial processes, and are able to increase efficiency, improve visibility, shorten cycle times, lower costs, and reduce risk.

Trintech clients include 50% of the Fortune 50 and nearly 25% of the Fortune 500 representing retailers, manufacturers, financial institutions and healthcare providers globally. Trintech clients include Intel, Google, Microsoft, RR Donnelley, Regis Corporation, Walmart, O2, Blackstone, BAE Systems, Skype, HSBC and Toyota Financial Services.

Spectrum Equity Investors acquired Trintech in a take-private transaction in December, 2010.

For more information on how Trintech can help you transform your Last Mile of Finance, please contact us online at www.trintech.com or at our principal business office in Dallas, Texas, or through an international office in Ireland, the United Kingdom, or the Netherlands.

Trintech • 15851 Dallas Parkway, Suite 900 • Addison, TX 75001 • Tel 1 972 701 9802

Trintech UK, Ltd. • 2nd Floor • 4-6 Throgmorton Avenue • London EC2N 2DL
Tel: +44 (0) 20 7628 5235 • EMEA Support +44 (0) 8706 260729 • Fax: +44 (0) 20 7638 5934

Trintech Technologies Limited • Suite 13B, Classon House, Dundrum Business Park • Dublin 14, Ireland • Tel +353 1 298 4472

Trintech • Cypresbaan 9 • 2908 LT Capelle a/d Ijssel, The Netherlands • Tel +31 (0) 10 8507 474


            

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