News

Transoft in N.C.'s Fast 50 for 3rd year

August 30, 2004

CARY, N.C. - Transoft International Inc., a provider of banking currency management software, has been recognized as part of North Carolina's Technology Fast 50 for the third year in a row.

The program, which is presented by Deloitte & Touche USA LLP, is a ranking of the 50 fastest growing technology companies in North Carolina. Transoft experienced a 242 percent revenue growth over the last five years, which placed it among the Top 20 companies.

Bo Holmgreen,  Transoft's president and CEO, credits the Fast 50 honor to the company's hard working staff, their dedication to Transoft's clients and the company's focus on globalization.

"Our repeated success in these prestigious business awards shows that, despite the downturn in the IT sector, companies with genuine technological solutions that create real sustained customer value will continue to grow," Holmgreen said.

Transoft's suite of analytical applications helps retail banks enhance operational efficiencies in their ATM and branch networks. Leading banks such as Nordea across Scandinavia, Akbank in Turkey and others have recently joined Transoft's user community.