From the News Wire

2009-02-17

Todos Increases Presence in the Baltic Region with X InfoTech Partnership

Todos strengthens its indirect sales network in the Baltic Region in a deal which sees us partnering with the Latvian system integration specialists X InfoTech Ltd.

GOTHENBURG, SWEDEN AND RIGA, LATVIA—FEBRUARY 17, 2009—According to the joint Sales and Marketing agreement X InfoTech will immediately begin to integrate Todos’ industry-leading advanced authentication solutions into their existing product portfolio. The agreement encompasses the important Lithuanian and Estonian markets.

“We see Todos’ wide range of authentication solutions as a vital tool in the fight against existing and emerging attacks on the previous, less secure authentication systems,” stated Vadims Teresko, Member of the Board, X InfoTech Ltd. “The inclusion of Todos as a key part of our security portfolio adds further depth to the value proposition X InfoTech is providing in end-user solutions. With security mandates and concerns now affecting even smaller banks, a highly secure, easily deployed solution made available at a competitive price - like the Todos eCode system - has real appeal to both us and to our customers.”

“We welcome X InfoTech as a distributor for the Baltic markets, they are a leading systems integrator with a proven track-record of work diligence,” said Ulf Dahlberg, Sales Director EMEA of Todos. “We are convinced that the combined strengths of both companies will create a much more secure eBanking and eCommerce environment in the region for years to come.”

X InfoTech Ltd. is a systems integrator uniting IT professionals and top-level business consultants. X InfoTech is specialised in the banking and payment card area. Company customers include banks, card processing centres, card personalisation centres, manufacturers and retailers.

For further information please contact:
Vadims Teresko, Member of the Board
X-InfoTech Ltd.
+371 2913 6154
www.x-infotech.com
Lars Sandberg, Key Account Manager
Todos Data System AB
+46 705 69 49 00    
www.todos.se