Alogent Named to this Year's Inc 500 Ranking of Fastest Growing Private Companies.

Business Editors/High-Tech Writers

ATLANTA--(BUSINESS WIRE)--Oct. 31, 2002

Alogent Corporation, a leading provider of payment transaction processing solutions for global financial institutions and remittance processors, has been named one of America's entrepreneurial growth leaders by Inc magazine, which released its 2002 Inc 500 ranking of the nation's fastest-growing private companies.

Atlanta-based Alogent achieved 651 percent growth over the past five years. This year's ranking of #360 is a repeat performance for Alogent, having previously made the Inc 500 in 2000.

"We are honored to receive this recognition from Inc. It is a reflection of effort and dedication on the part of all Alogent associates," said Brian Geisel, CEO of Alogent Corp. "Our sustained growth is compelling evidence that our strategy based on product innovation and global expansion, is on track despite changes in the economic environment."

Started in 1982, the Inc 500 ranks the nation's leading entrepreneurial firms according to sales growth over the previous five years. Former Inc 500 companies that have gone on to become household names include Microsoft, Timberland, Domino's Pizza and Patagonia.

The 2002 Inc 500 reveals a surprising resiliency within the entrepreneurial sector, where leading companies are continuing to show dramatic rates of growth despite the recession. Average 2001 sales for the Inc 500 dropped only slightly, from $24,976,000 to $24,706,000. More than two-thirds (73 percent) of the 2002 Inc 500 companies are profitable. Despite the technology bust, "Computer Software and Services" remains the leading industry category, representing nearly 40 percent of firms on the list.

"This is the first Inc 500 ranking to reflect the full impact of the recession," said Inc editor, John Koten. "Yet these entrepreneurs are managing to confound the naysayers and move ahead despite the obstacles. They're showing that smart strategies can succeed even in the toughest of times."

To be eligible for this year's Inc 500, companies had to be independent and privately held through their fiscal year 2001, have at least $200,000 in sales in the base year of 1997, and their 2001 sales had to exceed 2000 sales. Holding companies, regulated banks and utilities are not eligible. Inc verifies all information using tax forms and financial statements from certified public accountants and by conducting interviews with company officials.

Inc, the premier magazine for growing companies, may be accessed online at www.Inc.com. The magazine is owned by Gruner + Jahr USA, one of the top-ranked magazine publishers in the U.S., reaching one of the largest readerships in America. In addition to Inc, Gruner + Jahr publishes Child, Family Circle, Fast company, Fitness, Inc, Parents, and YM. G+J USA is 25.1 percent owned by the Jahr group and 74.9 percent owned by the Bertelsmann AG, the largest privately held and the fifth largest media company overall in the world with yearly revenues at $17.86 billion.

About Alogent

Alogent develops and delivers open-architecture item processing software to banks, billers and payment processors who want to make payment processing more efficient and more profitable. Alogent specializes in high speed, high-volume transaction processing on a server-based platform that processes both paper and electronic payments. Alogent's solutions for front office deposit automation and accelerated central item processing are scalable, web-deployed, and based on Microsoft Windows, SQL Server and Windows DNA and XML architecture.

For additional information, please visit the company's Web site at www.alogent.com, or contact Alogent at these locations: U.S. Headquarters: 4005 Windward Plaza, Second Floor, Alpharetta GA 30005; Ph: 770.752.6400; Fax: [phone] or London Sales and Support, Alogent Corporation, Cardinal Point, Park Road, Rickmansworth, Herfsfordshire, England WD3 1RE. Phone: [phone]; Fax: [phone]; UK Sales: [e-mail].