ProgressSoft Announces Partnership with KOM Networks

Ottawa, July 12, 2006

ProgressSoft, the industry leading provider of financial imaging solutions, announced the signing of a partnership agreement with KOM Networks, the innovative provider of Data Archiving Solutions and Storage Management software. Upon this partnership, ProgressSoft will start deploying KOM Networks technology across their range of image-based solutions.

Building on its specialty and focus on imaging software, ProgressSoft recognized the need for utilizing proper tools for managing high-capacity images handled by its solutions. ProgressSoft opted for KOM Networks storage management to attribute new features to its image-based offerings that include electronic check clearing, document management and signature verification systems.

Working alongside KOM Networks, ProgressSoft is reinforcing its expertise to better serve its customers while ensuring compliance with regulatory requirements, specifically aligning with the International Investment Policies. ProgressSoft will also be marketing KOM Networks products across its wide client base. "Our partnership with KOM networks is a key step forward in logically mounting ProgressSoft's solution pipelines", concluded Mr. Ali Fada, Chief Technical Officer, ProgressSoft.

About KOM Networks
KOM Networks, founded in 1969, is the world leader of innovative storage management software solutions. Pioneers of Data Protection & Retention, KOM Networks' products provide Compliance, Archiving and Information Lifecycle Management (ILM) to over 10,000 installations globally. KOM Networks products are delivered through a worldwide network of value-added resellers, strategic partnerships and alliances. KOM Networks' easy-to-integrate products let you Simply Manage, Protect, and Serve STORAGE, The Way You Want It. For more information please visit