| Banking Award

Banking Software Company Wins Award

SIT Presented Award from Progress Software

Stouffville, Canada – February 1, 2010: Strategic Information Technology Limited (“SIT”) is pleased to announce the acceptance of the Business Focus award from Progress Software in recognition of SIT’s market development efforts.

The business focus award was one of eight awards won by Progress Software partners at the Progress Software Global Partner Conference at the Doral Golf Resort and Spa between January 25 and January 27, 2010. Progress Software has over two thousand application partners, in 140 countries.

"We’ve been a partner of Progress Software since 1988 and have never regretted that decision,” said G. Robert Leeming, President of SIT. “Their technology, their vision and the way they do business align perfectly with our needs. Whatever they’ve promised, they’ve delivered. We are proud to be a recipient of this prestigious award.”

SIT uses various technologies from Progress Software to support its Portfolio Plus banking software platform. These technologies include Progress OpenEdge and Progress Sonic.

SIT’s Portfolio Plus banking software enables banks, trust companies, virtual banks, credit unions, and other financial organizations to implement their own flavour of banking to capture the best possible market advantage. With its Plug-In BankingTM architecture, Portfolio Plus allows financial organizations to add functionality as they require it, making it one of the most versatile solutions in the market.

About Progress Software

Progress Software Corporation (NASDAQ: PRGS) is a global software company that enables enterprises to be operationally responsive to changing conditions and customer interactions as they occur – to capitalize on new opportunities, drive greater efficiencies and reduce risk. The company offers a comprehensive portfolio of best-in-class infrastructure software spanning event-driven visibility and real-time response, open integration, data access and integration, and application development and deployment – all supporting on-premises and SaaS/Cloud deployments. Progress maximizes the benefits of operational responsiveness while minimizing IT complexity and total cost of ownership. Progress can be reached at www.progress.com or +1-781-280-4000.

About Strategic Information Technology Limited

SIT, formed in 1988, develops and markets Portfolio Plus, an extensible banking system that enables customers to plug-in new functionality as required. This is accomplished via SIT's unique Plug-In BankingTM architecture and a Financial Services BusTM that extends Portfolio Plus functionality to other corporate applications. SIT's banking software enables banks and non-banks to offer web banking, loans, loan securitization, investments, term deposits, wealth management, retail, ATM/POS switch interfaces for debit/credit or loyalty products, leasing, Equifax and Trans Union credit bureau interfaces, registered investment products, and much more. Portfolio Plus can also be tailored, on request, to meet specific customer requirements.

Portfolio Plus, Plug-In Banking 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.

For more information:
Adam Long
Strategic Information Technology
Telephone: 905-640-0808 x452
Email: adaml@stratinfotech.com


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This page was created or refreshed on October 15, 2018 @ 12:07:20
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
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