Leading technology provider completes successful acquisition, expands customer base

CEDAR PARK, Texas, March 9, 2009 – Integrated Bank Technology (IBT), a company that specializes in engineering software applications for in-house and ASP environments and provides 24/7 support services to community financial institutions across the country, announced that it ended 2008 with unprecedented expansion.  The company dramatically increased its growth by approximately 68 percent, with the acquisition of assets of two companies and the continued success of the flagship product, Integrated Bank Environment.

“Despite the challenges of the economic meltdown of 2008, we accelerated our innovation strategy and kept focused on our customers, providing a comprehensive product suite resulting in a significant success for the company,” Mike Golebiowski, president of IBT, said.

IBT began the year with its purchase of MICR Resource Management (MRM), a Chicago-based ASP provider to banks and ended the year with the acquisition of core system, teller and item processing business units of Goldleaf Financial Solutions, Inc. (NASDAQ:  GSFI).  The addition of these companies allowed IBT to offer in-house and outsourcing solutions to all of its customers, giving financial institutions of all sizes the option of competing with powerful and flexible technology.

The company also introduced its Integrated Image Teller product in a thin client environment to complement the already all-encompassing suite of integrated technology product solutions.  IBT’s creative flexible architecture allows current and future customers the opportunity to reap the benefits of new process change transaction models, increasing branch services to their customers, while still operating in their existing thin client environment. Financial institutions can save thousands of dollars in reduced courier costs and data processing fees while substantially reducing new hardware investment.

IBT also bolstered its market positioning through strategic partnerships with Recovery Solutions, Thillens Service Corp. and Unisys. 

“In 2009 we plan to continue exceeding the expectations of our customers by addressing all of the challenges that financial institutions face in today’s volatile market,” Golebiowski added.  “We look forward to further expansion and the continued acceleration of innovative solutions to keep our customers well ahead of their competition.”

About Integrated Bank Technology
Cedar Park, Texas-based Integrated Bank Technology (IBT) provides software applications and support services to community financial institutions across the country.  The company’s flagship product, Integrated Bank Environment, is a robust software application that is designed to enhance a financial institution’s overall customer experience while making the cost of ownership affordable.

For more information, visit www.iBankTech.net.