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The Green Sheet

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Panini Ranked as Market Leader in Distributed Check Capture Market According to Celent

Tuesday, January 30, 2007 (Panini North America, Inc.)

DAYTON, Ohio-(BUSINESS WIRE)-Panini has been confirmed as the market share leader in distributed check capture based on independent, third-party research conducted by Celent, a leading research and consulting firm in the global financial services industry. This powerful data verifies Panini has installed more than twice the number of check scanners than its closest competitor within the top 100 U.S. banks (as measured by asset size).

Celent utilized Informa Research Services, Inc. (Calabasas, California) to execute a telephone survey among each of the top 100 financial institutions in the nation. The survey targeted retail and treasury contacts representing product management, IT and operations. Upon completion of the survey, Celent directly contacted financial institutions and various vendors to add precision to the data.

The Celent research, conducted in late 2006, also found that two-thirds of installed check scanners used by the top 100 banks for distributed check capture are Panini, and over 80% of devices deployed in the nation’s top 10 banks are Panini, as well.

“Our customers’ recognition of Panini as the standard for distributed capture is evident in these results,” states Doug Roberts. “This year we will focus on extending our market leadership in the industry and developing outstanding relationships with both our customers and partners.”

The Celent research, together with banner results for 2006, substantiated Panini’s market leadership. The company led the industry by shipping its 100,000th My Vision X™ check scanner in 2006, which predominates the top 100 banks. In addition, Panini increased revenue by nearly 50% over 2005, continuing a strong revenue clim


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