Trax Expands Global Reach to Accommodate Growing Customer Base

- New offices in Germany and Japan due to demand for rules-based payment
processing engine
- Trax now present in four countries, with a U.S. office planned

EuroFinance, Berlin, October 5, 2005 - Trax, a leading provider of financial messaging processing platforms, today announced it has opened new offices in Frankfurt and Tokyo. This expansion results from growing customer demand for its high performance protocol-neutral payment processing solutions in Europe and Asia-Pacific. Trax, launched in 2002, recently opened an office in France and is now present in three other countries - Belgium, German and Japan - with plans to open a New York office later this year.

In a period of unprecedented change in transaction banking, banks are under increasing pressure to enhance their offering to retain corporate clients. At the same time, corporates are keen to capitalise on greater choice from banking providers and seek flexible solutions enabling them to change banks as business demands. Hans Cobben, CEO of Trax, comments, "The flexibility of our platform and its ability to handle all financial message flows regardless of protocol has been critical to our success. With both corporates and banks seeking modular, scalable solutions that can easily be adapted to meet dynamic business needs and technological advancement, Trax is well-placed to continue this period of strong growth."

Trax's solutions are deployed in some of the market's most forward-thinking organisations, earning the company a reputation for innovative, resilient solutions. Cobben comments, "Our solutions lend clients critical competitive advantage and they look to us to deliver the market's most sophisticated technologies. As new ways of working with existing protocols - and indeed new protocols emerge - we are always quick to capitalise on the opportunity to deliver value-added technologies."

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