Cypress Software Systems Hires Business Development Executive to Lead Expansion into Credit Union Industry.

Jack Norris to head the new role in the company's management team

NORTH RICHLAND HILLS, Texas -- Cypress Software Systems LP is further increasing its focus on the credit union industry in 2009, and has named Jack Norris vice president of business development to oversee those efforts.

His primary responsibilities include expanding Cypress' scope and influence among credit unions, as well as banks and other financial institutions. He brings to the position more than 30 years of management experience in the financial and electronic services industries.

"One of our primary goals in 2009 is expansion of our loan software and services in the credit union industry," said Stephen G. Sargent, president and chief executive officer at Cypress. "As vice president of business development, Jack will help us lead that charge, while also building additional relationships in the banking and finance sectors. His business development experience with companies like CO-OP Financial Services makes him well-qualified to achieve those objectives."

Prior to Cypress, Norris was regional business development manager at CO-OP Financial Services, the nation's largest credit union-owned electronic funds transfer (EFT) network and processor, where he helped grow and sustain business relationships with credit unions across the United States.

Norris also has served as a vice president at Affiliated Computer Services (ACS); sales and account manager for Omron Financial Services and Diebold; regional sales manager for Online Resources and Communications Corp.; and programmer analyst for GTE Data Services.

Norris holds a Bachelor of Arts in economics from the University of South Florida, in Tampa.

About Cypress Software Systems

Headquartered in North Richland Hills, Texas, USA, Cypress Software Systems LP is a leading developer of risk management software and services. Cypress provides community and regional banks, finance companies and credit unions with loan application decision and tracking tools equivalent to those used by the largest national lending institutions. Clients, nationwide and in 16 countries, use the company's flagship products, Mark IV and BizMark, to quickly and consistently process consumer and small commercial loan applications. Cypress Mark IV offers a flexible, risk-based processing approach that includes tracking consumer loan applications from point of entry to point of decision. Cypress' BizMark loan automation software processes commercial loan requests within a customer relationship management environment. Both products may be licensed in the bundled Cypress Suite and are offered in either an application service provider (ASP) or traditional business model. The company's product line also includes AppMark, an ASP-only consumer lending solution for community banks with assets of $250 million or less. Web Site: www.go-cypress.com.