Purchase to provide customers product and support solutions from
one company
CEDAR PARK, Texas--(Business Wire)--Integrated Bank Technology (IBT), a company that provides software
applications to community financial institutions across the country,
announced that it has acquired Chicago-based MICR Resource Management
(MRM). IBT made its decision based upon MRM's proven success in
providing data center services to more than 100 financial
institutions.
Integrated Bank Technology's flagship product is Integrated Bank
Environment (IBE), a repository for not only a financial institution's
core system, but also all of the ancillary systems enabling everything
to be tracked and managed from a single system. The software provider
also offers a number of applications, including merchant capture,
Integrated Fraud Detection and Integrated Image Teller. The addition
of MRM's industry knowledge and services allows the company to offer
in-house and outsourcing solutions to all of its customers.
"This acquisition enables Integrated Bank Technology to offer a
full line of products and support services to all new and existing
customers," Mark Dittman, CEO of IBT, explained. "Financial
institutions of all sizes can now work with one company to meet their
technology needs. We pride ourselves on providing superior customer
support to our customers and MRM shares that same philosophy. There
are great synergies between our two companies; a similar culture,
market vision and highly skilled employees. Together, we are fully
committed to providing solutions that allow our customers to better
compete in today's dynamic marketplace."
IBT customers will also benefit from the cross selling
opportunities that the expanded services present. IBT account managers
will continue to work with the same customers with which relationships
have been established and, if needed, existing installation contracts
can be converted to outsourcing agreements with minimal disruption.
As a result of the acquisition, IBT has increased its staff to
almost 100 employees. The additions include Mike Golebiowski, founder
and former president of MRM. Golebiowski will now serve as the
president of IBT and oversee all of the company's day-to-day
operations. Golebiowski has more than 25 years of experience in the
banking industry, holding a number of management and technical
positions at bank service and software companies.
"According to Bank Systems & Technology in its recent article on
the 2008 budget outlook, the majority of financial institutions plan
to increase their information technology spending," Mike Golebiowski,
president of IBT, noted. "Completing the acquisition at this time
gives our customers a distinct advantage because they can maximize
their budgets and choose the solutions that best fit with their
business models and make adjustments as their needs change. This move
allows IBT to provide a wider array of services and, in turn, our
customers will be able to further enhance their operations."
About Integrated Bank Technology
Cedar Park, Texas-based Integrated Bank Technology (IBT) is a
provider of software applications that facilitate electronic exchange
in order to manage and protect financial data. IBT has successfully
integrated more than 125 individual financial institutions. IBT's
flagship solution, Integrated Bank Environment, provides users a
single, centralized database to view and manage all customer
relationships.
For more information, visit www.iBankTech.net.
For Integrated Bank Technology
Media Contact
Nneka Egwuatu
678-781-7229
Copyright Business Wire 2008
