DALLAS and DUBLIN, Ireland, April 25, 2005 (PRIMEZONE) -- Trintech (Nasdaq:TTPA) (Prime Standard: TTP), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced the signing of a distributor agreement with Technolab International to market Trintech's reconciliation and data collection solutions in Mexico and Latin America. Under the terms of the agreement, Technolab International will sell, implement and provide support for Trintech's ReconNET funds management solution and the DataFlow Transaction Network to its bank and retail clients.
Miami-based Technolab is a consulting, software development and training company that provides solutions for systems design, architecture, applications implementation and systems integration to businesses in the U.S and Latin America. Technolab's clients include Global 2000 and Fortune 1000 companies, mid-sized businesses and government agencies.
"Our selection by Trintech demonstrates its confidence in Technolab to provide first-class representation of its world-class products and services to clients in Mexico and Latin America," said Paulo Dominguez, Director for Technolab International. "Technolab International is consistently recognized by consulting partners and customers for the quality and impact of its offerings and its ability to deliver a rapid return on investment on schedule and within budget."
Technolab International will initially focus on marketing and implementing Trintech solutions in Mexico and Puerto Rico. Expansion into other parts of Latin America will follow. Trintech's ReconNET reconciliation solution is currently used by over 400 customers in the US, UK, Ireland and Australia, and the DataFlow Transaction Network delivers daily bank data from over 13,000 accounts in North America.
"There is real synergy between our two companies," said Randy Jesberg, Executive Vice President of Trintech FMS International Sales and Partnerships. "We look forward to building on this relationship and extending our reach in Mexico and Latin America. Technolab's experience and understanding of the Mexican and Latin American market coupled with Trintech's technology and proven implementation methodology will be a unique differentiator from which customers can benefit."
About Technolab International
Technolab International is a Miami-based consulting, software development and training company that focuses on providing Business Intelligence Solutions primarily in the U.S. and in major Latin American countries. Technolab provides business and technology strategy, systems design, architecture, applications implementation and systems integration. Technolab service offerings are designed to help clients generate revenue, reduce costs and access the information necessary to operate their business on a timely basis. Technolab was recently awarded the Best Hyperion Consulting Partner For Latin America. For more information visit www.technolabcorp.com.
About Trintech FMS
Trintech Funds Management Systems (FMS), a division of Trintech Group, provides comprehensive, industry-leading solutions that optimize enterprise funds management including the ReconNET reconciliation product suite, Bank Fee Analysis, and DataFlow Transaction Network and services. Trintech's FMS solutions are optimizing performance in nearly 400 leading companies in retail, hospitality, food service, insurance, banking, government and other industries, including YUM! Brands Restaurants, Foot Locker, Radio Shack, 7-Eleven, Whitbread Group, Verizon Wireless, Kroger, Regal Entertainment, Budget Rent A Car, Wendy's, Farmer's Insurance Group, and the University of Missouri. Trintech FMS is headquartered in Dallas, Texas, and can be contacted at 972-701-9802 and on the web at www.trintech.com/fms
About Trintech
Trintech is a leading provider of transaction reconciliation and payment infrastructure solutions to retailers, financial institutions, payment processors and network operators globally. Built on 18 years of experience, Trintech's solutions manage each area of the payment transaction cycle from authentication, authorization, settlement, dispute resolution and reconciliation -- enabling its customers to reduce transaction costs, eliminate fraud, minimize risk, maximize cashflow and increase profitability. Trintech can be contacted in Ireland at Trintech Building, South County Business Park, Leopardstown, Dublin 18 (Tel: +353 1 2074000), in the US at 15851 Dallas Parkway, Suite 855, Addison, TX 75001 (Tel: +1 972 701 9802), and in the UK at 186-192 Darkes Lane, Potters Bar, Hertfordshire, EN6 1AF (Tel: +44 (0) 1707 827000). www.trintech.com.