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FircoSoft Expands Operations into Australia, Switzerland and India

FircoSoft, the leading global provider of watch list filtering solutions, announced today that it has opened on January 1st three new offices in Zurich, Chennai and Melbourne to better serve and support customers & partners and meet the growing demand for solutions that effectively address sanctions compliance in these regions.

“FircoSoft has seen tremendous growth in 2011 with a successful management buyout (MBO) and significant investment in research and development, and staffing resources worldwide,” said Jean Losco, CEO of FircoSoft. “By expanding operations into Australia, Switzerland and India, FircoSoft is better positioned to leverage future growth opportunities in the global sanctions compliance market, and to continue to expand the level of service and support we provide in these regions.”

The global office expansion is the result of key milestones achieved in 2011 including:

• Conducting a successful management buyout (MBO) to enable future growth.

• Making significant investments in Research & Development.

• Growing staffing resources over the year by 64% percent.

• Expanding our customer base; today serving over 440 customers, representing 1,500 sites in 70 countries.