Armaguard Reselling Transoft Currency Management Applications in Australia, In-House and Outsourced

CARY, N.C., March 17, 2011 /PRNewswire/ -- Armaguard Group, Australia's largest E2E Currency Management company has extended its relationship with Transoft International. Continuing on the success of having operated these applications over a decade on behalf of banks as an outsourcing service and integrating these applications to the CIT services to provide total cost of cash optimization, Armaguard has been able to show a 25% improvement in CIT cost as well as a reduction in Branch cash holdings.

Armaguard has also signed an agreement to distribute the full suite of Transoft's software products for cash cost optimization applications. Armaguard has further signed up for another 5 years continuation of these services offered on the OptiCash and OptiNet systems to customers and will upgrade to the latest version 8.1 offering the latest innovative features from the global market.

"There is a lot happening in the Australian market with new multifunctional ATMs and cash recycling,  our ATM Services arm ITS has expanded its already comprehensive maintenance service with intelligent monitoring and we undertook a review to ensure we had the next generation of software to integrate into these services to ensure the highest availability at the lowest cost. We determined that we had already the best possible technology for the new demands of cash cost optimization. Transoft has stayed current and kept investing into R&D in this field, ensuring Armaguard was still delivering the best possible results, for its clients," says Keith Broadhouse, Managing Director of Armaguard. "We have optimized thousands of cash points using OptiCash for over ten years, and the commitment of Transoft to our services has been very strong," he added.

"I am delighted with this extension of our long-standing partnership as Transoft sees great opportunities in Australia and New Zealand. The current systems in place at banks need modernization to create optimization savings and automation benefits; especially in branches and vaults I see tremendous prospects for this," said Bo H. Holmgreen, President & CEO of Transoft. "Armaguard is like Transoft, a focused and solid industry stake-holder, concentrated on cash logistics and the improvements possible with a dedicated staff of expert users. Armaguard is also a visionary company integrating several components of the cash cycle for banks and retailers while introducing new technologies to the process, so further combining these strengths with our capabilities, we are looking forward to the joint pursuit of more efficiencies across the cash supply chain of the Australian banks."

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 over the last 19 years by experienced cash management professionals to efficiently and cost-effectively handle all aspects of the complex cash management process. Through the use of sophisticated optimization and simulation techniques, Transoft's products remains unique in the market place and is in use worldwide by Banks, ATM networks and CITs. Partners such as NCR, DeLaRue, Printec, First Data, and others offer outsourced/SaaS services around the world with Transoft solutions such as OptiCash, OptiVault and OptiNet, generating significant recurring cost savings for ATM, branch, and vault networks. Transoft is a fast-growing software company in the Research Triangle Park in North Carolina with offices and staff around the world. Transoft's CEO was appointed a "2010 Top 50 Entrepreneur", and Transoft has recently enjoyed a surge of interest as banking returns to cost containment and competitiveness.

About Armaguard

The Armaguard Group is a member of the Linfox group of companies, a privately owned company based in Australia.  It has been providing cash services for over 80 years and over the last 10 years has expanded its solutions to the market by integrating all components of the cash cycle including CIT ,cash point management and forecasting, cash processing with pool and commercial cash, E2E ATM services, maintenance and monitoring. Its subsidiaries' include Integrated Technology Services Pty Ltd, Global Integrated Solutions Ltd, Integrated Technology Solutions Ltd and ACM New Zealand Ltd.

More information about the Armaguard Group is available at www.armaguard.com.au

SOURCE Transoft International, Inc.