CashEdge Moves to Expanded California Facilities


NEW YORK, April 12, 2005 (PRIMEZONE) -- CashEdge Inc. (www.cashedge.com), the leading provider of online financial applications, today announced that it has relocated its California office to San Jose, at 2841 Junction Avenue.

The move to a larger West Coast facility is CashEdge's second office expansion in six months, following on the heels of its recently relocated New York headquarters. The new California office will provide a higher quality work environment, support enhanced technological capabilities, and accommodate the expansion of the risk management, ACH operations, and project management teams.

"CashEdge continues to enjoy significant and steady growth among staff and clients, with our product suites being rapidly adopted by financial institutions nationwide," said Sanjeev Dheer, CEO of CashEdge. "Currently, over 225 leading financial institutions are using our products for funds transfers, account opening, and aggregation. We are excited by our continuing success and the company's role in driving innovation and excellence in our industry."

The CashEdge California office was previously located in Milpitas at 692 Tasman Drive.

About CashEdge

CashEdge(r) provides innovative, online financial applications for banks, credit unions and wealth management firms. CashEdge's solutions include end-to-end online account opening and funding, funds transfer and data consolidation. These proven solutions are flexible, scalable and supported by extensive risk management capabilities. With CashEdge, financial institutions are able to create compelling online offerings that attract customers, generate revenues and reduce costs.

CashEdge serves more than 225 leading financial institutions, including such leading institutions as Bank of America, Citibank, Royal Bank of Canada and The Vanguard Group. CashEdge has offices in New York and Silicon Valley. For more information, please visit our Web site at www.cashedge.com.



            

Contact Data