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Portfolio Plus 2012

SIT Releases Portfolio Plus 2012 with over 110 Enhancements

Toronto, ON, Canada – September 15, 2011: Strategic Information Technology Ltd. ("SIT") is pleased to announce the release of Portfolio Plus 2012 adding over 110 enhancements to SIT’s banking software platform.

"The banking business is plagued with aging systems that become increasingly harder to work with over time. SIT embarked on a yearly release cycle eight years ago to foster a platform for innovation that can incorporate the latest advances in the financial industry thereby ensuring our customers remain competitive,” said G. Robert Leeming, President of SIT.

The enhancements to Portfolio Plus are primarily focused on new functionality, efficiency gains, and interfaces to third parties. There are enhancements to virtually every module and subsystem of Portfolio Plus including:

• System Administration
• Agent Management
• Client Management
• Retail Banking
• Security
• Accounting
• Open Banking Interface
• Office Link
• Loans and Mortgages
• Investments
• Term Deposits
• Portcullis Web Banking and Agent Web

Customers who wish to adopt Portfolio Plus 2012 should contact their Relationship Manager.

Clients can download the Version 2012 release on the SIT Advantage website after 12:01PM on September 16, 2011.

About Strategic Information Technology Limited

SIT, formed in 1988, develops and markets Portfolio Plus, an extensible banking system that allows customers to plug-in new functionality as required. This is accomplished via SIT's unique Plug-In Banking^TM architecture, an Open Banking Interface^TM, and a Financial Services Bus^TM that extends Portfolio Plus functionality to other corporate applications. SIT's banking software empowers credit unions, banks, trust companies and building societies to offer web banking, loans, loan securitization, investments, term deposits, wealth management, retail, ATM/POS switch interfaces for debit cards, and credit bureau interfaces. Portfolio Plus can also be tailored, on request, to meet specific customer requirements.

SIT can be reached at (www.stratinfotech.com) or by phone at 905-640-0808.

Portfolio Plus, Plug-In Banking, Open Banking Interface, and Financial Services Bus are trademarks or registered trademarks of SIT in the U.S., Canada and other countries. Any other trademarks or service marks contained herein are the property of their respective owners.

Forward-Looking Statements

Forward-looking statements in this document are based on current expectations that are subject to risks and uncertainties. Actual results might differ materially due to various factors such as the competitive nature of the software industry, the ability of SIT to continue to execute its growth and development strategy, and the reliance of SIT on key personnel. SIT assumes no obligation to update forward-looking statements, or to update the reasons why actual results could differ from those that are projected.

SIT can be reached at (www.stratinfotech.com) or by phone at 905-640-0808.

For more information:
Patrick Lannigan
Strategic Information Technology
Telephone: 905-640-0808 x356
Email: patrickl@stratinfotech.com