ING Direct Chooses ReadSoft to Meet Increasing Data Capture Demands


STOCKHOLM, Sweden, June 26, 2003 (PRIMEZONE) -- ING Direct's market launch in the U.K. has brought about a greater need for automatic loan application processing made possible with ReadSoft's FORMS software. Following the successful implementation of data capture software earlier this spring, ING Direct continues to invest in FORMS to speed up their form processing.

Earlier this year, ReadSoft announced a substantial deal with a large European financial institution. At the time, ING Direct wished to remain anonymous. However, with the recent market launch in the U.K. and continued investments in ReadSoft's products, they are ready to announce the collaboration. ING Direct needed to upgrade their data capture system in order to accommodate the huge demand for its' market leading product. ReadSoft's FORMS technology has played an important role in processing the thousands of applications that are sent to ING Direct daily. "It is delightful to see how well the FORMS technology has met the customer's expectations and we are pleased to upgrade their capacity with new licenses. The business benefits of FORMS facilitates the increased document processing brought about by their intense success. Needless to say, ING Direct serves as a valuable reference for us, both in the UK as well as internationally," said Jan Andersson, MD ReadSoft.

ING Group is a global financial institution of Dutch origin offering banking, insurance and asset management to over 60 million private, corporate and institutional clients in 60 countries. For more information on ING Direct in the U.K., please visit www.ingdirect.co.uk

What is FORMS?

FORMS offer organizations substantial savings, increased productivity and improved data quality. FORMS reads handwritten text, machine-print, barcodes, check boxes, circles, tables, matrixes, and even complete addresses. Among other benefits, automatic forms processing is much faster than manual keying of information, offering a quick return on investment.

For more information, please contact:

ReadSoft AB Jan Andersson, MD ReadSoft Pho: +46-(0)708 - 37 66 00

Olof Engvall, Head of Information Pho: +46-(0)708 - 37 66 70

E-mail: olof.engvall@readsoft.com

About ReadSoft

ReadSoft, is the world's leading supplier of software for document automation and associated information processing. The company develops and markets a broad range of products based on our own products FORMS, INVOICES and EZ-OUT, and supplementary systems developed for them. Since its founding in 1991, ReadSoft has developed into a global group with 11 subsidiaries in Europe, North and South America and Australia, and a large number of local and global partners. ReadSoft is headquartered in Helsingborg, Sweden, and its primary R&D facility is in Stockholm. ReadSoft has been listed on OM Stockholmsborsen, the Stockholm stock exchange, since 1999.

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