Compushare Achieves Milestones and Record Growth in Remarkable 2005; 10-year Anniversary, 500th...

SANTA ANA, Calif. -- Compushare, a provider of security and compliance solutions for community financial institutions, has achieved two major milestones and registered record growth in 2005. The company celebrated its 10-year anniversary and accomplished its goal of working with 500 banks and credit

During 2005, Compushare added 61 new clients, increasing its total number of customers to 510. Of the new clients, 20 were credit unions, 19 de novo banks and 22 established community banks. Compushare provides consulting, implementation and managed services to these clients, including services such as security monitoring, disaster recovery testing and software upgrades.

In April, Compushare acquired Pifer Financial Systems, expanding its presence further in the Northeast. The incorporation of Pifer Financial Systems' integration and hardware maintenance services with Compushare's consultative solutions group has assisted financial institutions in areas such as GLBA compliance, information security and business continuity. Through the acquisition, Compushare gained 97 clients in New Jersey, New York and Pennsylvania.

To manage the expanded presence and new business, Compushare increased its staff by hiring 26 new employees.

"Achieving record growth and accomplishing two milestones - 10 years and 500 clients - capped off a spectacular year for us," said Romir Bosu, president and CEO of Compushare. "In 2005 we have been able to further expand our presence in the Northeast, enabling banks and credit unions in that region to take advantage of our security and compliance solutions. Our investment and knowledge of what is in the future for community financial institutions should deliver a great 2006 for Compushare and our customers."

About Compushare

Compushare is a professional services firm that specializes in providing information technology security and compliance solutions to community financial institutions. The firm helps clients execute their information technology initiatives and implements programs to assist financial institutions with their federal and state regulatory requirements. Compushare's roster of 500 clients nationwide continues to grow through business development and a targeted acquisition strategy. Headquartered in Santa Ana, Calif., Compushare has offices in Southern California, Northern California, Chicago, Dallas, Houston, Las Vegas, Philadelphia and New York/New Jersey. For more information visit www.compushare.com.