Press Releases

Bo Holmgreen Receives Top 50 Entrepreneur Honor

MEDIA RELEASE March 30th, 2010 Transoft International CEO honored as Top 50 Entrepreneur Bo H. Holmgreen was named to the 2010 Top 50 Entrepreneur list in North Carolina Cary, N.C. – The President & CEO of Transoft International, Inc., Mr. Bo H. Holmgreen, was recently honored by Business Leader Media as one of the Research Triangle’s 2010 Top Entrepreneurs at an awards ceremony in Raleigh. This year’s winners were chosen based on their demonstrated success in their businesses, and will be featured in the April issue of Business Leader Magazine. The event coincided with the 18th anniversary of Transoft, founded by Mr. Holmgreen in 1992. A native of Denmark, Mr. Holmgreen has built a truly global company with customers on six continents serviced by a dedicated international staff. “The Research Triangle is packed with innovation, entrepreneurs and aggressive technology companies. It is therefore a great honor to be named in such distinguished company”, said Mr. Holmgreen. Mr. Holmgreen was traveling overseas at the time of the event, therefore Transoft’s Business Manager, Ms. Turid Kaehny, received the award on Mr. Holmgreen’s behalf, thanking the organizers for their recognition of Transoft as a state-of-the-art software company, exporting sophisticated optimization technology to banks all over the world. Managing over a hundred thousand ATMs and branches for banks and optimizing across vaults and money centers, Transoft has generated annual savings in the millions for most customers. “We are of course proud of what we have achieved so far”, Mr. Holmgreen added. “With many different accents on our conference calls and cultural challenges, Transoft is a challenging and intellectual work environment generating incredible ideas. Advanced software like ours is created in a dynamic and exciting world, and the results we achieve are much appreciated by our great customers. Applying mathematics to save banks on their bottom-line is both interesting and fun, and we are grateful for the recognition of our efforts on the global stage”. About Transoft Transoft International, Inc. is the leading provider of currency supply chain management software solutions for the banking industry. Transoft products have been developed by experienced cash management professionals to efficiently and cost-effectively handle all aspects of the complex cash management process. In use worldwide by Banks, ATM networks and Armored Car Service providers, Transoft solutions are generating significant recurring cost savings for ATM, branch and vault networks. Contact: Turid Kaehny, Business Manager, Email: This e-mail address is being protected from spambots, you need JavaScript enabled to view it

Transoft's OptimizeCF - Cash Optimization in "the cloud"

Tuesday March 3rd 2010 Transoft International Inc. is pleased to announce the second anniversary of its hugely successful OptimizeCF cloud computing (SaaS) cash forecasting and cost optimization solution. Industry leading Cash Management Solutions Specialist Transoft pioneered the transition of cash forecasting solutions to Software as a Service cloud computing services over two years ago. CARY, N.C. -- Transoft International, the leading provider of currency supply chain management solutions has forged another link in a long chain of pioneering firsts. When Transoft released its first version of their flagship OptiCash cash optimization applications 18 years ago it was an immediate success with large and medium sized financial institutions. As our history progressed we added other optimization applications that expanded our capabilities to include cash optimization for Vaults, Central Banks, Retailers and Casinos. However one omission has always bothered CEO and President Bo H. Holmgreen – “Due to the database, implementation and management requirements of our legacy systems, only larger financial institutions had the resources to acquire and maintain such advanced technology. Admittedly the cost of these systems has reduced dramatically as computer technology has evolved, but it has still remained outside the grasp of smaller institutions. Three years ago we decided to change that and began development of OptimizeCF. Rather than re-invent the technology that has served our customers so well we harnessed the production-hardened capabilities of our core applications to bring almost two decades of progress to the concept of cloud computing via the internet and to make it available and affordable for even the very smallest financial institutions. Obtaining the benefits of the proven optimization engine creates a very fast ROI for all SaaS clients”. Transoft can now boast a customer list of small, medium and large financial institutions, domestic and internationally based, who have made the move to “cash optimization via the cloud”. About Transoft International, Inc. Transoft International, Inc. is a leading provider of currency supply chain management software solutions for the banking industry. Transoft products include OptiCash, OptiNet, OptimizeCF, OptiVLM and OptiVault. These sophisticated applications have been developed by experienced cash management professionals to efficiently and cost-effectively handle all aspects of the complex cash management process. In use worldwide by financial institutions, ATM networks, armored car service providers and retailers, Transoft solutions are generating significant recurring cost savings for all forms of currency supply chain networks. For more information, please visit www.Transoftinc.com and www.OptimizeCF.com.

Woodforest Financial Group Chooses OptimizeCF for Branch and ATM Cash Forecasting

MEDIA RELEASE

Woodforest Financial Group chooses Transoft International’s SaaS Cash Management Solution

Industry leading Cash Management Solution chosen by fast growing financial institution

CARY, N.C. -- Transoft International, the leading provider of currency supply chain management solutions, announced today that Woodforest Financial Group has chosen Transoft’s OptimizeCF currency management software for ATM and Branch cash management.

OptimizeCF, the only currency supply chain solution built from the ground up as a true Software as a Service (SaaS) application will be used to automate cash forecasting, cost balancing, ordering, monitoring, expense tracking and more for Woodforest Financial Group. Using historical demand data and statistical algorithms, ATM and branch cash orders and returns are cost optimized to effectively meet demand and minimize holdings – all at the lowest possible cost. In addition, OptimizeCF takes into account seasonal fluctuations, events and other trends that influence demand for cash to ensure maximum network availability.