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KPMG LLP and Transoft International Announce Alliance

November 20, 2001

NEW YORK, Apr. 10 - KPMG LLP, the professional services firm, and Transoft International, Inc., a producer of currency management systems, today announced a strategic alliance to provide currency management systems to KPMG's financial institution clients.

Under the agreement, KPMG and Transoft will provide to financial institutions consultation, implementation, training, and support of Transoft's OptiCa$hã family of currency management software to help improve revenues by automating currency management activities within ATM, branch, and money room/vault networks.

"Our objective is to help clients streamline their vault cash processes and reduce the overall costs associated with maintaining required cash reserves," said Fred Borchardt, national partner in charge of financial services, in KPMG's Assurance-Based Advisory Services.

"This agreement leverages the two companies' capabilities to help KPMG's current and future clients," said Bo Holmgreen, president and chief executive officer of Transoft. "KPMG is an ideal currency management systems partner because of its depth of knowledge in the financial services sector and its world class customer service."

Transoft's OptiCa$hã Version 4.2 Currency Management System predicts consumer demand, weighs all cost factors, and makes currency management cash order and clearings recommendations daily for financial institutions and their more than 30,000 branches and ATMs around the world.

KPMG LLP is the accounting and tax firm that understands the needs of business in the global economy. We help our clients by devising results-oriented business strategies, providing insights that help them stay ahead of the competition and achieve market-leading results. KPMG LLP is the U.S. member firm of KPMG International. KPMG International's member firms have more than 108,000 professionals, including 7,000 partners, in 159 countries.

Transoft International, Inc. in Raleigh, NC is a Research Triangle Park-based high tech company founded in 1992 and specializing in software for the worldwide financial services industry. Transoft is a leading provider of currency management software. The OptiCa$hã Version 4.2 Currency Management System produces daily cost-optimized recommendations, balancing all cost components (holding versus transportation) for tens of thousands of ATMs and branches, and generates millions of dollars in savings for Financial Institutions on six continents. Transoft was part of the pioneering of the area in the US, after having implemented Currency Management systems internationally for the last ten years. This resulted in the world's largest Currency Management installation now operating in the US, as part of the 30+ systems implemented by Transoft globally. Transoft operates subsidiaries in Europe and Latin America, with multi-lingual sales and development staff.

Transoft also develops and sells multi-vendor, web-enabled ATM software. Products such as eATM/test and eATM/xfs add simplicity and plug-compatibility for all Windows-based ATMs to existing NCR NDC and Diebold 912 ATM networks, providing one set of software across all types of ATMs and enabling extensible programming with simple web-programming tools.

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Diebold Nixdorf

As a global technology leader and innovative services provider, Diebold Nixdorf delivers the solutions that enable financial institutions to improve efficiencies, protect assets and better serve consumers.

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