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M-Tech Records Growth in Financial Sector

M-Tech Information Technology, Inc. records steady growth in software licensed by US-based financial institutions, with over 44 customers and nearly 1 million end-user licenses sold.

April 30, 2007 - Calgary, Canada -- M-Tech Information Technology, Inc., Inc., a leader in enterprise identity management software, reported today growing market penetration in the US-based financial services vertical, where M-Tech IDM solutions have been licensed by numerous banking, insurance, investment and trust companies.

M-Tech financial sector customers include long-term customers such as Washington Mutual, Merrill Lynch, VISA, NASD, MetLife, AmSouth Bank, Thrivent Financial, Northern Trust, Fortis, Inc. and American Financial Group.

These customers enjoy IT cost savings, improved user productivity and hardened security through user provisioning workflow, effective password management and integration with security technologies such as hard disk encryption, smart card PIN unlock and one time passwords. M-Tech also assists customers with regulatory compliance, principally by helping them to find and remove stale privileges and by strengthening authentication processes.

Financial sector customers are among the leaders in adopting advanced IT security technology, and M-Tech has been able to assist with deployment and support of leading-edge security technology, including:

M-Tech integration with these technologies has made them much easier to support, and therefore more attractive to customers.

Financial-sector M-Tech customers range from about 2,000 to about 200,000 employees. Among these customers, some have realized cost savings of as much as US$10M/year from M-Tech Identity Management Suite deployments.

About M-Tech Information Technology, Inc.

Hitachi ID Systems, Inc. is a leading provider of identity and access management solutions. Hitachi ID software helps almost 1000 organizations with over 12 million combined users meet security, internal control, regulatory compliance, IT cost reduction and user service objectives.

Hitachi ID Management Suite includes Identity Manager http://Hitachi-ID.com/identity-manager/, Password Manager http://Hitachi-ID.com/password-manager/ and Privileged Access Manager http://Hitachi-ID.com/privileged-access-manager/. These products manage identities, entitlements and authentication factors across both on-premise and SaaS applications in the cloud.

Industry analyst Ovum Consulting recently recognized Hitachi ID Systems as an enterprise identity and access management powerhouse, citing the company's robust technology and exemplary customer support. Ovum “believes that Hitachi ID's focus on reducing the administrative and helpdesk burden and the company's focus on bottom-up IAM reflects the way in which organizations operate.”

For more information about Hitachi ID Systems and its products, please visit http://Hitachi-ID.com/ or call 1.403.233.0740.

M-Tech Contact

Dawn Mallyon
VP Marketing
Hitachi ID Systems, Inc.
500, 1401 1st Street S.E
Calgary, AB T2G 2J3
1.403.233.0740 ext. 324
dawn_mallyon@Hitachi-ID.com

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