Pifer Takes TimeSpring's TimeData Data Protection to Financial Community

12/15/2004 - TimeSpring Software Corp. and EA Pifer Financial Systems announced an agreement under which Pifer will offer TimeSpring’s TimeDataTM software to the banking, credit union and financial services community. The TimeData software provides users with continuous data protection and a time-dimensioned data repository for analysis by automatically capturing all changes to application data in real-time. With the TimeData software financial institutions can recover from data loss, corruption or security breaches within minutes. They can also analyze, report or test data anytime without impacting operations.

"Until now only the bigger financial institutions could afford real-time data protection so smaller organizations were vulnerable to data loss or corruption," said Jim Read, Senior Vice President and Chief Technical Officer of Pifer Financial Systems. "Banks, thrifts and credit unions all need solid, reliable data protection solutions to keep their data safe and available in order to service their customers and maintain compliance. If there is a problem with an application or system, retrieving data is very fast and simple with the TimeData software. Transactions are protected and the integrity of the audit trail is maintained.”

TimeSpring's TimeData software represents a major improvement over data replication, snapshot and traditional backup systems. The software is easy to use, non-disruptive and affordable. It operates continuously, without operator intervention or scheduling. Transactions are protected and the integrity of the audit trail is maintained.

Banks and financial institutions depend on current data for such operations as loan management, mortgage processing, and client account maintenance. Their data is sensitive in nature, often subject to regulation. It requires continuous protection and its quality must be assured at all times.

"Pifer's customers require the highest levels of data availability and integrity and are subject to strict regulation and operating guidelines," said Janae Lee, CEO of TimeSpring. "Pifer has provided IT consultation, systems integration, and maintenance programs for the financial community for thirty years and we are delighted they chose to partner with TimeSpring."

About TimeSpring Software Corporation
Capitalizing on its technology patents, TimeSpring's software is setting a new standard for continuous data protection and availability. TimeSpring's software, TimeDataTM, automatically captures all changes to application data in real-time, making it possible to recover from loss, corruption or security breaches within minutes. Additionally, TimeData makes it easy to analyze report and test using real data at any time, without impacting operations. TimeData is easier to implement, easier to use and more affordable than other systems. Founded in 1994, TimeSpring has business offices in Montreal, Quebec, Canada, and Newport Beach, California, USA. More information is available at http://www.timespring.com or by calling (408) 834-8966.

About Pifer Financial Systems
Founded in 1973, Pifer Financial Systems provides specialized network, security and I.T. services, as well as rapid response on-site hardware maintenance, to financial institutions and corporate I.T. departments in New Jersey, Pennsylvania, Delaware and New York. Pifer is an authorized provider of Cisco, Hewlett-Packard, Perimeter Internetworking, Microsoft and other solutions. Headquartered in Barrington, NJ, Pifer systems engineers are dispatched from 17 locations throughout the region to provide same day response. More information is available at http://www.pifer.com or by calling 800-327-6483.

TimeData is a trademark of TimeSpring Software Corporation.

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