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BancTec and Apptricity Create Service and Distribution Partnership

DALLAS, Sept. 8 /PRNewswire/ -- BancTec, a global provider of advanced, high-volume, document and payment processing solutions and services, announced today that it has signed a joint service and distribution agreement with Apptricity, a fast-growing provider of enterprise service-oriented architecture (SOA) software solutions for supply chain, workforce and financial management.

Under the agreement, BancTec will provide Apptricity and their customers with advanced enterprise transaction management, process transformational consulting, and leveraged multi-document processing from its network of 9 operating sites in the U.S., and potentially from its overseas operations.

BancTec will also utilize Apptricity software in its business process outsourcing (BPO) centers across the U.S., offering the software as a value-added module that its customers can select when contracting for other processing services. As a result of the distribution relationship, BancTec is helping Apptricity reach a broader set of customers.

"Apptricity has a strong suite of enterprise software applications that has attracted many commercial and government clients, including Wal-Mart and AT&T," said Jeff Brown, BancTec vice president for Business Process Outsourcing in the Americas. "We look forward to using their distinctive and valuable technology as a differentiating tool-set in process transformation opportunities."

"BancTec has significant experience providing outsourced services for some of the largest corporate and governmental organizations in the U.S. and Europe," said Tim Garcia, president for Apptricity Corporation. "Their expertise in imaging and data extraction will add significant value to some of our most important engagements, while their offering our solutions in their BPO centers will open new channels of business in the BPO market space."

About Apptricity

Apptricity Corporation is a leading provider of enterprise software applications and services for the commercial and federal sectors. Since 1999, Apptricity has provided enterprise software applications for supply chain, logistics, finance and workforce management. All of our applications are built on an advanced service-oriented architecture (SOA) framework. Apptricity's SOA Framework guarantees a low cost, non-resource intensive implementation, configuration, and deployment. By implementing a SOA technology platform, Apptricity has succeeded in delivering both highly scalable enterprise application technology and best practices configuration, which complement, extend and/or replace legacy systems. As organizations seek to further automate their application and infrastructure investments and adopt commercial best practices, Apptricity provides the roadmap and software applications that allow its customers to achieve their end goals incrementally or enterprise wide. For more information, visit the Apptricity website at www.apptricity.com or call (214) 596-0601.

About BancTec

BancTec helps clients around the world simplify the process of managing their information. Founded in 1972, the company provides a wide range of solutions for automating complex, high-volume and data-intensive business processes for clients in the financial services, healthcare, manufacturing, government, services and utilities industries. BancTec's offerings include business solutions, business process outsourcing, and infrastructure services. With headquarters in Dallas, BancTec serves clients in 50 countries. For more information on how BancTec can help you optimize information management, visit www.banctec.com or call 1-800-BANCTEC.

Forward-Looking Statements

All statements in this press release that do not directly and exclusively relate to historical facts are "forward-looking statements" describing BancTec's objectives, targets, plans, strategies, costs, anticipated capital expenditures and expected cost savings. These statements represent BancTec's intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside the Company's control. These factors could cause actual results to differ materially from such forward-looking statements. For a written description of these factors, see the section titled "Risk Factors" in the Company's Registration Statement on Form S-1, as amended, initially filed with the Securities and Exchange Commission on August 8, 2007. The Company disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent events or otherwise except as required by law.

SOURCE BancTec

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