US Dataworks Extends Cloud Lockbox through Strategic Partnership with Burroughs
Expanded Payment Equipment Options Demonstrate the Flexibility of Clearingworks® Cloud Solution
SUGAR LAND, Texas, Dec. 6, 2012 /PRNewswire/ -- US Dataworks, Inc. (OTC Bulletin Board: UDWK), a leader in cloud payment processing solutions, today announced a new strategic alliance with Burroughs, a leader in check and payment processing equipment. The addition of Burroughs as a strategic partner extends the capture equipment that is certified to run with Clearingworks and adds an extensive Burroughs distributor and reseller network as potential Clearingworks resellers.
Partnership Combines Mission Critical Equipment with Scalable Payment Processing
The Burroughs name is synonymous with innovation and high availability in the banking industry. Businesses and financial institutions rely on Burroughs for mission-critical equipment and related services. The strategic partnership between US Dataworks and Burroughs combines robust and reliable equipment with scalable cloud payment processing solutions to meet growing market demand for payment innovation. Additionally, Burroughs has a nationwide reseller channel for distribution of equipment and related software solutions.
"One of the influencing factors when selecting a strategic partner is how well we work together," stated Marc Palombo, Senior Vice President of Sales for US Dataworks. "Burroughs is known for quality equipment and reliable field service technicians, as well as a collaborative approach to working with partners. This commitment to quality, service and partners aligns well with US Dataworks' core values. We are excited about this opportunity to expand the choice of payment capture equipment we can offer our customers and prospects."
"Burroughs is delighted to have US Dataworks as a strategic solution provider utilizing Burroughs hardware and services as part of their total client solution," stated Alan Grote, Vice President and General Manager, Worldwide Check and Server Solutions, Burroughs. "The Clearingworks cloud based solution combines Burroughs industry leading hardware and services with US Dataworks' state-of-the-art software solution to provide a compelling payment processing solution to an ever increasing client base."
The Clearingworks cloud payment processing solution provided by US Dataworks currently services approximately 1,100 financial institutions, utilities, content providers and credit card issuers, either directly or through our partner network. Clearingworks is trusted by our partners and clients to process more than $7 billion of payments each day through our cloud solution and various on-premise solutions.
About US Dataworks
US Dataworks offers cloud payment processing services with proven enterprise-class payment, deposit, returns processing, and powerful payment analytics. US Dataworks is a trusted payments provider to financial institutions, telecommunications providers, content providers, corporate billers and government agencies. Additional information about US Dataworks is available at www.usdataworks.com.
Burroughs, Inc., an industry leader with a more than 100-year history of technology innovation, offers customers industry-leading technology, service and support for an array of payment-related solutions. Burroughs specializes in image capture technology and offers a variety of complementary payments products such as servers, ATMs, intelligent safes, printers, supplies and device performance monitoring software to help customers optimize technology investment. As a service organization, Burroughs offers one of the nation's largest maintenance and support organizations with over 300 technicians delivering comprehensive and customized maintenance coverage. Burroughs takes pride in delivering flexible solutions for financial institutions, retailers and independent service organizations.
Certain statements made in this press release (other than the historical information contained herein) constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, but not limited to, statements regarding our expectations concerning our current and future products and our partnership arrangement with Burroughs. Any forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including, but not limited to, the failure of our new solution to perform as anticipated, our ability to provide long-term customer value and agility, our ability to protect our intellectual property, our position in the marketplace, our ability to develop and timely introduce products that address market demand, the impact of alternative technological advances and competitive products, market fluctuations, our ability to repay or refinance our debt, our ability to realize the anticipated benefits from our business initiatives, and other risks detailed from time to time in our SEC reports including our Annual Report on Form 10-K for the year ended March 31, 2012 filed with the SEC on July 13, 2012. These forward-looking statements speak only as of the date hereof. US Dataworks disclaims any obligation to update these forward-looking statements.
Contact: Leilani Doyle
US Dataworks, Inc.
US Dataworks, Inc.
SOURCE US Dataworks, Inc.
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