ATLANTA, Feb. 1, 2006 (PRIMEZONE) -- Harland Financial Solutions, Inc. has established itself as a leader in the increasingly important Enterprise Content Management arena with the acquisition of Carmel, Indiana-based Financialware, Inc. Harland will immediately begin integrating Financialware's .NET(tm) based solution into its existing core, lending, mortgage, item and payment processing systems. Harland Financial Solutions is a wholly owned subsidiary of John H. Harland Company (NYSE:JH). The terms of the transaction were not disclosed.
Financial institutions increasingly are focused on creating a single unified view of all customer information, including the ability to archive and retrieve documents of all kinds, ranging from checks to loan documents to signature cards to debit and credit payment receipts. The challenge has been creating that single view of all customer information without consuming their employees' time by manually inspecting and linking the majority of relevant documents.
Financialware has addressed that challenge with its Active:View(r) Enterprise Content Management system. This technology fully automates all activities associated with report and document imaging, archival, cross-referencing and retrieval using proprietary pattern matching technology. Most importantly, by leveraging Microsoft's .NET architecture, the consolidated view of all customer accounts, transactions and documents is accessible via browser by both the financial institution's employees, and their customers, facilitating superior customer service.
In addition, Financialware's competency in the area of check, item and image processing has led to the introduction of its Checkpoint 21(tm) solution, a turnkey solution that fully automates all aspects of image-based check clearing through the Federal Reserve banking system in compliance with Check 21 regulations.
"Financial institutions view enterprise-wide electronic content management as a key strategy in enhancing operational efficiency and creating competitive differentiation in servicing their customers," said John O'Malley, president of Harland Financial Solutions. "Many Harland Financial Solutions' customers already use Financialware's enterprise content management products, and we will build on that successful technology by integrating across our solutions and delivering innovative workflow to support our customers' strategies."
"Harland has a strong reputation for serving its customers and taking care of its employees," said Charley Myers, founder and chief executive officer of Financialware, Inc. "We couldn't think of a better company to take Financialware to its next level."
Harland Financial Solutions will continue to operate Financialware's offices in Carmel, IN, a suburb of Indianapolis. O'Malley added, "We are proud to welcome the Financialware team to the Harland Financial Solutions family and look forward to investing additional resources into the business on behalf of our clients and strategic alliance partners."
Checkpoint 21 is a trademark, and Active:View is a registered trademark of Harland Financial Solutions, Inc. All other brands and products or services are trademarks and/or service marks of their respective owners, may be registered, and should be treated appropriately.
About Harland Financial Solutions
Harland Financial Solutions (www.harlandfinancialsolutions.com) supplies software and services to thousands of financial institutions of all sizes, offering its solutions in both an in-house and service bureau environment. Harland Financial Solutions is a leader in core systems, item processing, payment processing, enterprise content management, financial accounting systems, electronic documents, deposit & loan origination, customer relationship management, compliance training, branch automation, check & MICR printing, mortgage lending, and solution consulting.
About Harland
Atlanta-based John H. Harland Company (NYSE:JH) (www.harland.net) is listed on the New York Stock Exchange under the symbol "JH." Harland is a leading provider of software and printed products to the financial institution market. Harland's software solutions include deposit & loan origination, platform, teller, call-center, mortgage, business intelligence, core systems and customer relationship management systems. Harland's printed products offerings include checks, direct marketing and financial forms. Scantron Corporation (www.scantron.com), a wholly owned subsidiary, is a leading provider of software services and systems for the collection, management and interpretation of data to the financial, commercial and educational markets.
This press release contains statements that may constitute "forward-looking statements." These statements include statements regarding the intent, belief or current expectations of John H. Harland Company and members of its respective management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Reference is made to the Risk Factors and Cautionary Statements in Harland's Form 10-K and Form 10-Q filed under the Securities Exchange Act.