| Software

CIBC Upgrades to Portfolio Plus 2007

Toronto, Canada – December 4, 2007: Portfolio+ Inc. is pleased to announce that CIBC has completed its upgrade to Portfolio Plus 2007.

“We have 19 years of innovation behind us and we’re getting better at it,” said G. Robert Leeming, President of Portfolio+ Inc. “Our yearly releases ensure that customers can depend on getting the most up to date features on a regular basis.”

Portfolio Plus 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. Portfolio Plus, with its Plug-In BankingTM architecture, enables financial organizations to add functionality as they require it, making it one of the most versatile solutions in the market.

CIBC is one of Canada's largest banks. With revenues of 11.3 billion and a net income of $2.6 billion (year ending October 31, 2006), CIBC provides a full range of products and services to almost 11 million individual and small business clients. CIBC has approximately 37,000 employees worldwide, 1,055 branches, and more than 3,800 automated banking machines (ABMs).

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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