Carreker and Giesecke & Devrient Announce Strategic Alliance; Companies to Deliver Premium Vault and Cash Management Solutions to Global Financial Industry.Business Editors DALLAS & MUNICH, Germany--(BUSINESS WIRE)--April 29, 2003 Carreker Corporation (Nasdaq:CANIE) and Giesecke & Devrient GmbH (G&D) today announced a strategic alliance to strengthen both companies' market positions and product offerings in the field of cash automation and inventory management. Carreker, a leading provider of technology and consulting solutions for the financial industry, delivers cutting-edge cash supply chain solutions to financial institutions and service providers on five continents. G&D, a Munich-based security and technology group with 150 years of tradition, is the worldwide leading supplier of banknote processing systems. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Steve Reber, president of Giesecke & Devrient America, Inc., "The cash handling management space has never been more active. Banks around the world are increasingly pressured to standardize, automate, and/or outsource components of the cash supply chain to drive efficiencies and reduce expenses. Our alliance with Carreker serves their needs both strategically and from a solutions standpoint." Brian Evetts, managing director of Carreker's Cash & Logistics solutions, said, "How banks manage their cash inventories is greatly affected by the shifting role of many central banks This is a list of central banks. Contents A B C D E F G H I J K L M N O P Q R S T U V W Y Z , the trend toward shared services shared services, n.pl the administrative, clinical, or other service functions that are common to two or more hospitals or their health care facilities and used jointly or cooperatively by them. and outsourcing, as well as banks' strategic choices. Under these circumstances, commercial banks place a great deal of value on providers who bring them best-in-class, affordable cash solutions, and this alliance augments our ability to do so." As part of the agreement, Carreker and G&D are consolidating their overlapping cash supply chain solutions. For vault operations, G&D's Compass(CM) will be the companies' preferred solution. For cash inventory management, Carreker's iCom(TM) will be the preferred solution. Both companies will also offer Carreker's Cash Supply Chain Consulting The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. Services and eiManager(TM) software, designed to improve ATM management efficiency and availability, rounding out a premier suite of solutions and services for vault, branch, and ATM network optimization. Similarly, they will offer G&D's currency-processing hardware, which provides automation and efficiencies in centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. cash operations. As part of the agreement, the companies will also collaborate on research and development, as well as potential opportunities in shared services in the cash supply chain. Hans Wolfgang Kunz, member of the board and group executive of the Giesecke & Devrient Group, said, "By partnering with Carreker, whose cash solutions complement ours, we can deliver a robust solution to banks at a critical time in their decision process. We foresee a common vision for a full suite of world-class technologies and best practices consulting services that improve the overall profitability of our clients' cash handling operations." J.D. (Denny) Carreker, chairman and chief executive officer of Carreker Corporation, said, "Through our affiliation with G&D, a dominant player in cash management and electronic payment technologies, we become the preferred providers in the critical space of overall cash management. This alliance is an international validation of our current solutions and the foundation of new solutions and business ventures for driving our global growth." About Giesecke & Devrient Giesecke & Devrient (G&D), based in Munich, Germany, is an international technology group with subsidiaries and joint ventures throughout the world. In fiscal 2001 the group employed some 6,500 people and generated a revenue of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1.12 billion. Founded in Leipzig in 1852, G&D began as a printer of securities, soon specializing in banknote production. The company has been developing solutions and complete systems for automatic currency processing since 1970. Today G&D is also a technology leader in smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. , and a solutions provider in e.g. the fields of telecommunications, electronic payments, transportation, health, ID and Internet security ''This article or section is being rewritten at Internet security is the process of protecting data and privacy of devices connected to internet from information robbery, hacking, malware infection and unwanted software. . Additional information about the G&D Group can be found at www.gi-de.com. To learn more about G&D's cash products and services, visit http://www.gdai.com/gdai-ub2/ub20.htm. About Carreker Corporation Carreker Corporation improves earnings for financial institutions around the world. The Company's integrated consulting and software solutions are designed to increase clients' revenues and reduce their expenses, while improving security and increasing the value of their customer relationships. Carreker provides products and services to more than 250 clients in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, the United Kingdom, Ireland, continental Europe Continental Europe, also referred to as mainland Europe or simply the Continent, is the continent of Europe, explicitly excluding European islands and, at times, peninsulas. , Australia, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , and South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. . Clients include the full range of community, regional and large banks, among them more than 75 of the largest 100 banks in the United States. Headquartered in Dallas, since 1978, Carreker Corporation also has offices located around the world including London, Toronto, and Sydney. For more information, visit www.carreker.com. Additional information about Carreker's cash solutions and services can be found at www.carreker.com/main/solutions/cash_sol/cash_sol_ove.html. Carreker Forward-Looking Statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Except for historical information, the statements in this release, including statements regarding the Company's restatement Restatement A revision in a company's earlier financial statements. Notes: The need for restating financial figures can result from fraud, misrepresentation, or a simple clerical error. of its financial statements, the timing of its SEC filings and the Company's continued listing on Nasdaq, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially, including but not limited to the risks and uncertainties associated with the restatement (which could include material changes in the Company's financial statements, and volatility in the Company's common stock price) and related litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , as well as the risks and uncertainties arising out of economic, competitive, governmental and technological factors affecting the Company's operations, markets, services, products and prices. For further information concerning certain of these risks and uncertainties, see under the caption "Business - Risk Factors" in the Company's most recent Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended January 31, 2003. We assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. |
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