GoldenGate Press Releases

Leading Banks, Financial Institutions and Retail Organizations Turn to GoldenGate for Real-time Data Synchronization and Business Continuity

Increased Worldwide Sales Drive Growth for GoldenGate and Insession Technologies.

Sausalito, Calif. - May 12, 2003 - GoldenGate, a leader in Global Data Synchronization, and its distribution partner, Insession Technologies (Nasdaq: TSAI), a leading provider of technologies for business-critical operations, today announced several major sales wins, with significant growth in the banking, financial services and retail industries. The companies closed the quarter ended March 31 with the addition of numerous new customers as well as expanded deployments by established customers, including, Paymentech and Travelers Express. The increased sales growth is driven by strong demand for up-to-the minute data access and management to support business continuity and data integration for competitive advantage in today's global marketplace.

The six-year partnership between GoldenGate and Insession is distinguished by continued strong sales growth and an increasing presence for both companies, especially within industry verticals such as banking, financial services, retail and e-business. GoldenGate has enjoyed continuous profitability since 1997, and also announced that it has closed out its 31st consecutive profitable quarter on March 31.

Among the companies joining the GoldenGate/Insession Technologies client roster in recent months were Safeway, Inc., one of North America's largest food and drug retailers and JCB Co, Ltd., a major international bankcard issuer. The growing list of blue chip companies now relying on the GoldenGate solution serves as a validation of GoldenGate's Data Synchronization platform as a key element in the enterprise infrastructure. US customers who recently upgraded or expanded deployments include the following industry leaders.

  • Banking: Paymentech
  • Financial Services: Travelers Express
  • Healthcare: Parkview Health, Thomas Jefferson University Hospital

GoldenGate's international operations also contributed to significant growth, and together with Insession, new and renewed sales agreements have recently been signed with a number of firms, including:

  • Banking: State Bank Of India, ICICI Bank (India)
  • Financial Services: LG card (Korea), Toyo Information Systems (TIS) (Japan), credit card bureaus
  • JCB Co, LTD, (Japan) a major international bankcard issuer

"GoldenGate's close partnership with Insession has played a central role in our ongoing success among major global corporations, and we are delighted to announce these latest sales wins," commented Mike Seashols, CEO of GoldenGate. "In the current business climate, with IT spending extremely tight and everyone focusing on the bottom line, blue chip organizations will only consider adopting those solutions that can deliver immediate and significant ROI. Our sales results speak volumes about the value of GoldenGate solutions. Looking at our strong financial growth, it is becoming clear that GoldenGate is moving into the small circle of 'must-have' technology solutions."

"GoldenGate offers a single enterprise platform that provides cost-effective, flexible solutions for multiple business initiatives," said Anthony J. Parkinson, president and CEO of Insession Technologies. "Our longstanding partnership with GoldenGate has continually expanded and has helped us to add major new customers in the finance, banking and retail sectors. We look forward to continuing to deliver unparalleled benefits to global enterprise customers across these industries."

About Insession Technologies Insession Technologies, a division of Transaction Systems Architects, Inc., provides business software and services that facilitate communication, data movement, transaction processing, web enablement, workflow, security and systems monitoring across heterogeneous computing systems and the Internet. Since 1991, our solutions have been in use by more than 400 customers in 45 countries worldwide. Our customers represent such industries as transportation, telecommunications, banking, securities, other financial services, pharmaceuticals, retail and health care. For more information, contact marketing@insession.com or visit us at www.insession.com.

About GoldenGate
GoldenGate is a leader in Global Data Synchronization. GoldenGate enables organizations to securely capture, transform, move, and migrate data in real-time inside and outside the enterprise to support key business and technology initiatives such as Business Continuity, Active Data Warehousing, Business Activity Monitoring, Application Integration, Disaster Recovery, Data Center Consolidation, Fraud Detection and the Patriot Act. GoldenGate's Global Data Synchronization software platform captures and delivers any "changed" data at sub-second speeds in massive volumes across any popular diverse data environment such as DB2, Oracle, HP NonStop SQL/MP and SQL/MX, Enscribe, Sybase, Microsoft SQL Server, Teradata, and IMS / VSAM. GoldenGate is a private company that has posted 30 consecutive quarters of revenue growth and profitability and has thousands of installations in over 20 countries. Customers include: Bank of America, Bank One, VISA, Merrill Lynch, Mayo Clinic, Legacy Health System, Comcast Communications, AOL/Time Warner and Dell Computer. For more information, please visit the company's web site at www.goldengate.com or call 415 289-8600.

Contact:
Robin Bulanti
Kulesa Public Relations/ for GoldenGate
robin@kulesapr.com
(650) 340-1986


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