| Banking Award

Banking Software Company Wins Award

Portfolio+ Inc. Presented Award from Progress Software

Stouffville, Canada – February 1, 2010: Portfolio+ Inc. is pleased to announce the acceptance of the Business Focus award from Progress Software in recognition of Portfolio+’s market development efforts.

The business focus award was one of eight awards won by Progress Software partners at the Progress Software Global Partner Conference at the Doral Golf Resort and Spa between January 25 and January 27, 2010. Progress Software has over two thousand application partners, in 140 countries.

"We’ve been a partner of Progress Software since 1988 and have never regretted that decision,” said G. Robert Leeming, President of Portfolio+ Inc. “Their technology, their vision and the way they do business align perfectly with our needs. Whatever they’ve promised, they’ve delivered. We are proud to be a recipient of this prestigious award.”

Portfolio+ uses various technologies from Progress Software to support its Portfolio Plus banking software platform. These technologies include Progress OpenEdge and Progress Sonic.

Portfolio Plus banking software enables banks, trust companies, virtual banks, credit unions, and other financial organizations to implement their own flavour of banking to capture the best possible market advantage. With its Plug-In BankingTM architecture, Portfolio Plus allows financial organizations to add functionality as they require it, making it one of the most versatile solutions in the market.

About Progress Software

Progress Software Corporation (NASDAQ: PRGS) is a global software company that enables enterprises to be operationally responsive to changing conditions and customer interactions as they occur – to capitalize on new opportunities, drive greater efficiencies and reduce risk. The company offers a comprehensive portfolio of best-in-class infrastructure software spanning event-driven visibility and real-time response, open integration, data access and integration, and application development and deployment – all supporting on-premises and SaaS/Cloud deployments. Progress maximizes the benefits of operational responsiveness while minimizing IT complexity and total cost of ownership. Progress can be reached at www.progress.com or +1-781-280-4000.

About Portfolio+ Inc.

Portfolio+ Inc. connects financial institutions with customers and partners using innovative technologies. Its software solutions and open banking technology are used by financial institutions in Canada, Ireland, and the UK. With its powerful +Open Banking Platform and fully documented APIs, Portfolio+ has the power to connect banks, credit unions, and financial institutions with an evolving ecosystem of financial services technology that is putting everyday customers in control of their financial data.

Located in the Greater Toronto Area (GTA), Portfolio+ is used by 6 of the 7 largest financial institutions in Canada and is a part of Volaris Group Inc.

 

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