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CashEdge, Inc. News

CashEdge Appoints Industry Veteran as Chief Financial Officer

NEW YORK, June 25 PRNewswire — CashEdge, Inc. (www.cashedge.com), the leading provider of online financial applications to banks, credit unions, brokerage and wealth management firms and the pioneer in online account opening and funding, announced the appointment of Carl D. Blandino as Chief Financial Officer.

Mr. Blandino brings many years of financial, operating and public accounting experience at several private and public high technology and software companies to his position of Chief Financial Officer at CashEdge. In this role, Mr. Blandino is responsible for overseeing and driving the financial, accounting, tax and treasury functions at the Company.

"I am delighted to have such an experienced and capable leader join our executive team as Chief Financial Officer," said Sanjeev Dheer, CEO and President of CashEdge. "Carl brings years of financial experience as a public company CFO and significant financial technology expertise to this role. I look forward to his contribution to the continued success and growth of the Company."

In previous roles, Mr. Blandino served as CFO of Open Solutions Inc., a financial technology company. In 2003, he led the company's successful initial public offering. Prior to Open Solutions, Mr. Blandino was CFO of Online Resources & Communications Corp (ORCC), a publicly traded provider of online banking and bill payment applications. His other roles included executive and senior level management positions with Informed Medical Communications (IMC); Segue Software (now Borland Software); and Per Se' Technologies (now McKesson Corporation). Mr. Blandino also spent ten years in public accounting in various management positions with Coopers & Lybrand and Deloitte, Haskins, & Sells, both international accounting firms.

About CashEdge

CashEdge(R) provides innovative, online financial applications to banks, credit unions and wealth management firms. CashEdge's solutions include end- to-end online account opening and funding, funds transfer, small business payments and invoicing, and data consolidation. These proven solutions are flexible, scalable and supported by extensive risk management capabilities.

CashEdge has been ranked by Inc. Magazine as one of the 500 fastest growing private companies in the United States for two years in a row. In 2007 it was also recognized by the 2007 Deloitte Technology Fast 500 and Fast 50 as one of the nation's 500 fastest growing private companies and one of the 50 fastest growing companies in the New York area, respectively. The company currently serves hundreds of leading financial institutions including four of the top five banks, 23 of the top 100 banks, and 20 of the top 100 credit unions. CashEdge has offices in New York, Silicon Valley and India. For more information, please visit www.cashedge.com.

SOURCE CashEdge, Inc.

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