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S1 Corporation


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Finextra: S1 Corporation makes branding changes

www.finextra.com | Nov 2, 2009

Finextra: S1 Corporation makes branding changes - company announcement from S1 Corporation

http://www.finextra.com/fullpr.asp?id=30646

S1 Corp. forms single brand

atlanta.bizjournals.com | Nov 2, 2009

"For the last three years, we have offered our solutions under three brands -- Postilion, S1 Enterprise and FSB Solutionsm” said Johann Dreyer, CEO S1 Corp. in a statement. “Effective immediately, we will use a single brand -- S1 -- under which we will market all of our solutions.

http://atlanta.bizjournals.com/atlanta/stories/2009/11/02/daily1.html?ana=from_rss

 

S1 Corporation Reports Third Quarter 2009 Results - Zibb.com

S1 Corporation (Nasdaq:SONE), a leading global provider of customer interaction financial and payment solutions, today announced financial results for the third quarter of 2009:



 * Total revenue in the third quarter of 2009 increased three percent
   to $60.3 million from $58.6 million in the third quarter of 2008.
   Total revenue in the nine months ended September 30, 2009 increased
   six percent to $179.5 million from $169.8 million in the nine
   months ended September 30, 2008.
 * GAAP earnings were $6.9 million or $0.12 per share (diluted) in the
   third quarter of 2009 compared to GAAP earnings of $6.2 million or
   $0.11 per share (diluted) in the third quarter of 2008.  GAAP
   earnings were $20.5 million or $0.37 per share (diluted) in the
   nine months ended September 30, 2009, a $0.09 increase over GAAP
   earnings of $16.5 million or $0.28 per share (diluted) in the nine
   months ended September 30, 2008. These figures include a stock
   based compensation benefit of $139 thousand and an expense of $412
   thousand in the third quarter of 2009 and 2008, respectively, and
   an expense of $421 thousand and $4.6 million in the nine months
   ended September 30, 2009 and 2008, respectively.
 * Adjusted EBITDA in the third quarter of 2009 was $11.7 million
   compared to $10.5 million in the third quarter of 2008.  Adjusted
   EBITDA in the nine months ended September 30, 2009 was $33.9
   million compared to $32.5 million in the nine months ended
   September 30, 2008. Adjusted EBITDA does not include stock based
   compensation expense and is described below (1) and reconciled to
   GAAP Net income in Tables 4, 5 and 6.
 * Total revenue from international operations in the third quarter of
   2009 increased one percent to $17.8 million from $17.7 million in
   the third quarter of 2008. Total revenue from international
   operations in the nine months ended September 30, 2009 increased
   six percent to $51.3 million from $48.3 million in the nine months
   ended September 30, 2008.
 * Under a previously announced stock repurchase program, the Company
   repurchased 755 thousand shares of its common stock for $5.0
   million during the third quarter of 2009. The Company ended the
   third quarter of 2009 with $70.9 million in cash, cash equivalents
   and short-term investments.
 * The Company expects to generate approximately $25 to $26 million in
   revenue from State Farm in 2010.
 * The Company reaffirms its full year guidance of $240 to $245
   million in revenue and $47 to $50 million in Adjusted EBITDA.

"I am pleased that we were able to post another quarter of year-over-year growth in both revenue and Adjusted EBITDA despite the challenging economic environment," said Johann Dreyer, Chief Executive Officer of S1. "Although financial institutions are proceeding very cautiously with making investment decisions, we continue to see excellent sales opportunities around the world, particularly with our payments and cash management offerings. I am also very excited about the positive feedback we continue to receive on our new Internet banking platform."

(1) Adjusted EBITDA

See Tables 4, 5 and 6 for reconciliations of Adjusted EBITDA to GAAP Net income.

This press release includes references to Adjusted EBITDA, a non-GAAP financial measure, the most directly comparable GAAP equivalent of which is Net income. We define Adjusted EBITDA as Net income less net interest income, plus income taxes, depreciation, amortization of intangibles, and stock-based compensation expense. A reconciliation of our non-GAAP financial measure to the most directly comparable financial measure is detailed in the reconciliation of GAAP to non-GAAP financial measures in Tables 4, 5 and 6. We believe that the presentation of this non-GAAP financial measure provides useful information to investors regarding our results of operations.

We believe that excluding depreciation, amortization, stock-based compensation expense, net interest income and income tax expense provides supplemental information and an alternative presentation useful to investors' understanding of the Company's core operating results and trends. Not only are depreciation and amortization expenses based on historical costs of assets that may have little bearing on present or future replacement costs, but they are also based on management estimates of remaining useful lives. Additionally, while stock-based compensation is an important part of overall compensation expense, a portion of our stock-based compensation expense is the result of cash-settled stock appreciation rights that are revalued each quarter for GAAP earnings based on the closing price of the Company's stock on the last day of the quarter. Consequently, fluctuations in our stock price can have a significant impact on the Company's reported GAAP earnings. Additionally, it is possible that the Company may begin recording income tax provisions for GAAP earnings despite being able to reduce taxes payable through the potential use of net operating loss carry forwards and other tax credits.

Although we believe, for the foregoing reasons, that our presentation of a non-GAAP financial measure provides useful supplemental information to investors regarding our results of operations, our non-GAAP financial results should only be considered in addition to, and not as a substitute for or superior to, our financial measures prepared in accordance with GAAP.

Use of non-GAAP financial measures is subject to inherent limitations because they do not include all the expenses that must be included under GAAP and because they involve the exercise of judgment of which charges should properly be excluded from the non-GAAP financial measure. Management accounts for these limitations by not relying exclusively on non-GAAP financial measures, but only using such information to supplement GAAP financial results. We urge investors not to consider non-GAAP financial measures as a substitute for, or superior to, any measure of financial performance prepared in accordance with GAAP. Our non-GAAP financial measure may be different from such measures used by other companies.

Adjusted EBITDA is not a measure of liquidity calculated in accordance with accounting principles generally accepted in the United States, and should be viewed as a supplement to -- not a substitute for -- our results of operations presented on the basis of accounting principles generally accepted in the United States. Adjusted EBITDA does not purport to represent cash flow provided by, or used in, operating activities as defined by accounting principles generally accepted in the United States. Our statement of cash flows presents our cash flow activity in accordance with accounting principles generally accepted in the United States. Furthermore, Adjusted EBITDA is not necessarily comparable to similarly-titled measures reported by other companies.

We believe Adjusted EBITDA is used by and is useful to investors and other users of our financial statements in evaluating our operating performance because it provides them with an additional tool to compare business performance across companies and across periods. We believe that Adjusted EBITDA is widely used by investors to measure a company's operating performance without regard to items such as interest expense, taxes, depreciation and amortization, and stock-based compensation expense which can vary substantially from company to company depending upon accounting methods and book value of assets, capital structure and the method by which assets were acquired.

Our management uses Adjusted EBITDA as a measure of operating performance to assist in comparing performance from period to period on a consistent basis; as a measure for planning and forecasting overall expectations and for evaluating actual results against such expectations; and in communications with the Board of Directors, stockholders, analysts and investors concerning our financial performance.

Conference Call Information

Company management will host a conference call for interested parties to discuss its third quarter results on Friday, November 6, 2009, at 8:30 a.m. ET. A webcast of the call will be available through the Company's website, www.s1.com. The conference call will contain forward-looking statements and other material information. A replay of the call will be available for two weeks following the call on the Company's website.

About S1 Corporation

Leading banks, credit unions, retailers, and processors need technology that adapts to the complex and challenging needs of their businesses. These organizations want solutions that can respond quickly to changes in the marketplace and help grow their businesses. For more than 20 years, S1 Corporation (Nasdaq:SONE) has been a leader in developing software products that offer flexibility and reliability. Over 3,000 organizations worldwide depend on S1 for payments, online banking, mobile banking, voice banking, branch banking and lending solutions that deliver a competitive advantage. www.s1.com

Forward-Looking Statements

This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act. These statements include statements with respect to our financial condition, results of operations and business. The words "believes," "expects," "may," "will," "should," "projects," "contemplates," "anticipates," "forecasts," "intends" or similar terminology identify forward-looking statements. Forward-looking statements may include projections of our revenue, expenses, Adjusted EBITDA, capital expenditures, earnings per share, product development projects, future economic performance or management objectives. These statements, including without limitation statements regarding expected revenue from State Farm, are based on our beliefs as well as assumptions made using information currently available to us. Because these statements reflect our current views concerning future events, they involve risks, uncertainties and assumptions. Therefore, actual results may differ significantly from the results discussed in the forward-looking statements. The risk factors included in our reports filed with the Securities and Exchange Commission (and available on our web site at www.s1.com or the SEC's web site at www.sec.gov) provide examples of risks, uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Except as provided by law, we undertake no obligation to update any forward-looking statement for any reason, even if new information becomes available.



                            S1 Corporation
                Consolidated Statements of Operations
            (In thousands, except share and per share data)
                              (Unaudited)
                                TABLE 1

                       Three Months Ended         Nine Months Ended
                     9/30/2009    9/30/2008    9/30/2009    9/30/2008
                   ------------------------- -------------------------

 Revenue:
   Software
    licenses       $    10,225  $     9,208  $    34,154  $    26,860
   Support and
    maintenance         13,472       12,259       39,569       36,557
   Professional
    services            25,787       24,939       72,952       69,797
   Data center          10,853       12,243       32,792       36,596
                   ------------------------- -------------------------
     Total revenue      60,337       58,649      179,467      169,810
                   ------------------------- -------------------------

 Operating expenses:
   Cost of software
    licenses (1)           623          938        2,735        3,075
   Cost of
    professional
    services,
    support and
    maintenance (1)     19,200       19,422       55,997       54,947
   Cost of data
    center (1)           7,079        6,743       21,169       19,701
   Selling and
    marketing            7,500        8,360       23,751       25,919
   Product
    development          8,996        7,658       26,141       21,440
   General and
    administrative       5,578        6,094       17,581       18,912
   Depreciation and
    amortization of
    intangible
    assets               2,298        2,257        7,298        6,685
                   ------------------------- -------------------------
     Total
      operating
      expenses          51,274       51,472      154,672      150,679
                   ------------------------- -------------------------

 Operating income        9,063        7,177       24,795       19,131
   Interest and
    other (expense)
    income, net           (516)         296       (1,034)         714
   Income tax
    expense             (1,637)      (1,282)      (3,276)      (3,328)
                   ------------------------- -------------------------
 Net income        $     6,910  $     6,191  $    20,485  $    16,517
                   ========================= =========================

 Earnings per
  share:
   Basic           $      0.13  $      0.11  $      0.38  $      0.29
   Diluted         $      0.12  $      0.11  $      0.37  $      0.28

 Weighted average
  common shares
  outstanding -
  basic             52,598,922   56,559,777   52,766,275   56,577,987
 Weighted average
  common shares
  outstanding
  - diluted         53,452,888   57,526,966   53,494,437   57,330,269

 ------------------------

 (1) Excludes charges for depreciation. Cost of software licenses
     includes amortization of acquired technology of $400 thousand
     and $700 thousand for the three months ended September 30, 2009
     and 2008, respectively, and $1.4 million and $2.1 million for
     the nine months ended September 30, 2009 and 2008,
     respectively.


                            S1 Corporation
                      Consolidated Balance Sheets
                   (In thousands, except share data)
                              (Unaudited)
                                TABLE 2

                                           September 30,  December 31,
                                               2009           2008
                                           ------------- -------------

                  Assets
 Current assets:
   Cash and cash equivalents               $     67,407  $     63,840
   Accounts receivable, net                      56,873        42,561
   Prepaid expenses                               5,004         5,123
   Other current assets                           5,527         3,575
                                           ------------- -------------
     Total current assets                       134,811       115,099
   Property and equipment, net                   23,207        23,015
   Intangible assets, net                         5,392         7,585
   Goodwill, net                                126,618       124,362
   Other assets                                   9,274         8,625
                                           ------------- -------------
     Total assets                          $    299,302  $    278,686
                                           ============= =============

     Liabilities and Stockholders' Equity
 Current liabilities:
   Accounts payable                        $      2,079  $      1,366
   Accrued compensation and benefits             12,930        16,147
   Accrued restructuring                          2,158         2,323
   Accrued other expenses                         9,440        10,271
   Deferred revenues                             30,984        25,271
   Current portion of debt obligation             2,004         3,917
                                           ------------- -------------
     Total current liabilities                   59,595        59,295
   Debt obligation, excluding current
    portion                                       5,188         6,196
   Accrued restructuring, excluding current
    portion                                       1,901         3,443
   Other liabilities                              1,594         1,012
                                           ------------- -------------
     Total liabilities                     $     68,278  $     69,946
                                           ------------- -------------

 Stockholders' equity:
   Preferred stock                               10,000        10,000
   Common stock                                     522           528
   Additional paid-in capital                 1,790,141     1,791,924
   Accumulated deficit                       (1,567,472)   (1,587,957)
   Accumulated other comprehensive loss          (2,167)       (5,755)
                                           ------------- -------------
     Total stockholders' equity                 231,024       208,740
                                           ------------- -------------
     Total liabilities and stockholders'
      equity                               $    299,302  $    278,686
                                           ============= =============

 Preferred shares issued and outstanding        749,064       749,064
 Common shares issued and outstanding        52,203,371    52,799,310


                            S1 Corporation
                Consolidated Statements of Cash Flows
                            (In thousands)
                              (Unaudited)
                                TABLE 3

                             Three Months Ended     Nine Months Ended
                            9/30/2009  9/30/2008  9/30/2009  9/30/2008
                           --------------------- ---------------------

 Cash flows from
  operating activities:
   Net income              $   6,910  $   6,191  $  20,485  $  16,517
   Adjustments to reconcile
    net income to net  cash
    provided  by operating
    activities:
   Depreciation and
    amortization               2,735      2,917      8,650      8,752
   Provision for doubtful
    accounts receivable and
    billing adjustments         (257)        43       (534)      (342)
   Deferred income  tax          209         --        240         --
   Stock based compensation
    (benefit) expense           (139)       412        421      4,605
   Changes in assets and
    liabilities
     (Increase)decrease in
      accounts receivable       (285)     5,017    (11,730)    (3,610)
     (Increase) decrease in
      prepaid expenses and
      other assets              (677)     1,156     (1,962)     1,263
     (Decrease) increase in
      accounts payable          (735)    (1,023)       646        134
     (Decrease) increase in
      income taxes payable    (1,565)       870       (938)     2,099
     (Decrease) increase in
      accrued expenses and
      other liabilities         (824)     1,719     (1,557)      (290)
     (Decrease) increase in
      deferred revenues       (2,758)    (2,420)     5,429      2,053
                           --------------------- ---------------------
        Net cash provided
         by operating
         activities            2,614     14,882     19,150     31,181
 Cash flows from investing
  activities:
   Maturities of investment
    securities                 1,587      9,203      2,504     20,653
   Purchases of investment
    securities                (5,224)    (2,465)    (5,224)    (3,447)
   Amounts released in
    escrow related to sale
    of business                   --         --         --      3,712
   Purchases of property,
    equipment and
    technology                (1,858)    (2,556)    (6,364)    (7,273)
                           --------------------- ---------------------
        Net cash (used in)
         provided by
         investing
         activities           (5,495)     4,182     (9,084)    13,645
 Cash flows from financing
  activities:
   Proceeds from exercise
    of employee stock
    options                       50         30        192        858
   Payments on capital
    leases and debt
    obligations                 (376)      (917)    (2,921)    (2,785)
   Repurchase and
    retirement of common
    stock                     (4,971)    (8,428)    (4,971)   (10,167)
                           --------------------- ---------------------
        Net cash used in
         financing
         activities           (5,297)    (9,315)    (7,700)   (12,094)
 Effect of exchange rate
  changes on cash and cash
  equivalents                    378     (1,796)     1,201     (2,357)
                           --------------------- ---------------------
 Net (decrease) increase in
  cash and cash equivalents   (7,800)     7,953      3,567     30,375
 Cash and cash equivalents
  at beginning of period      75,207     67,433     63,840     45,011
                           --------------------- ---------------------
 Cash and cash equivalents
  at end of period         $  67,407  $  75,386  $  67,407  $  75,386
                           ===================== =====================

                            S1 Corporation
                 Consolidated Statements of Operations
                            (In thousands)
                              (Unaudited)
                                TABLE 4

                             Three Months Ended    Nine Months Ended
                            9/30/2009  9/30/2008  9/30/2009  9/30/2008
                           --------------------- ---------------------

 Revenue:
   Software
    licenses               $  10,225  $   9,208  $  34,154  $  26,860
   Support and maintenance    13,472     12,259     39,569     36,557
   Professional services      25,787     24,939     72,952     69,797
   Data center                10,853     12,243     32,792     36,596
                           --------------------- ---------------------
     Total revenue            60,337     58,649    179,467    169,810
                           --------------------- ---------------------

 Operating expenses:
   Cost of software
    licenses                     623        938      2,735      3,075
   Cost of professional
    services, support and
    maintenance               19,200     19,422     55,997     54,947
   Cost of data center         7,079      6,743     21,169     19,701
   Selling and marketing       7,500      8,360     23,751     25,919
   Product development         8,996      7,658     26,141     21,440
   General and
    administrative             5,578      6,094     17,581     18,912
   Depreciation and
    amortization of
    intangible assets          2,298      2,257      7,298      6,685
                           --------------------- ---------------------
     Total operating
      expenses (1)            51,274     51,472    154,672    150,679
                           --------------------- ---------------------

 Operating income              9,063      7,177     24,795     19,131
   Interest and other
    (expense) income, net       (516)       296     (1,034)       714
   Income tax expense         (1,637)    (1,282)    (3,276)    (3,328)
                           --------------------- ---------------------
 Net income                $   6,910  $   6,191  $  20,485  $  16,517
                           ===================== =====================

 Reconciliation to
  Adjusted EBITDA:
   Net income              $   6,910  $   6,191  $  20,485  $  16,517
   Interest and other
    (expense) income, net        516       (296)     1,034       (714)
   Income tax expense          1,637      1,282      3,276      3,328
   Depreciation                2,022      1,974      6,457      5,837
   Amortization                  713        943      2,193      2,915
   Stock based compensation
    (benefit) expense           (139)       412        421      4,605
                           --------------------- ---------------------
 Adjusted EBITDA           $  11,659  $  10,506  $  33,866  $  32,488
                           ===================== =====================

 (1)Includes stock
  based compensation
  (benefit) expense of:
   Cost of professional
    services, support and
    maintenance            $       6  $      31  $      67  $     104
   Cost of data center            35         29         78         76
   Selling and marketing        (364)        (5)      (437)     1,601
   Product development            36         15        142        599
   General and
    administrative               148        342        571      2,225
                           --------------------- ---------------------
 Stock based compensation
  (benefit) expense        $    (139) $     412  $     421  $   4,605
                           ===================== =====================


                            S1 Corporation
                          Enterprise Segment
                       Statements of Operations
                            (In thousands)
                              (Unaudited)
                                TABLE 5

                            Three Months Ended     Nine Months Ended
                            9/30/2009  9/30/2008  9/30/2009  9/30/2008
                           --------------------- ---------------------

 Revenue:
   Software licenses       $   2,478  $   1,696  $   6,948  $   5,722
   Support and maintenance     4,792      4,200     14,459     12,405
   Professional services      18,850     19,741     55,165     54,935
   Data center                 6,957      7,269     21,183     21,404
                           --------------------- ---------------------
     Total revenue            33,077     32,906     97,755     94,466
                           --------------------- ---------------------

 Operating expenses:
   Cost of software
    licenses                     150        236        663        988
   Cost of professional
    services, support and
    maintenance               10,446     11,714     32,767     33,345
   Cost of data center         3,995      4,015     12,052     11,695
   Selling and marketing       2,835      3,643      9,853     11,614
   Product development         5,209      4,584     15,891     13,154
   General and
    administrative             2,620      3,202      8,559     10,141
   Depreciation and
    amortization of
    intangible assets          1,168      1,127      3,705      3,392
                           --------------------- ---------------------
     Total operating
      expenses (1)            26,423     28,521     83,490     84,329
                           --------------------- ---------------------
                           --------------------- ---------------------
 Operating income          $   6,654  $   4,385  $  14,265  $  10,137
                           ===================== =====================

 Reconciliation to
  Adjusted EBITDA:
   Operating income        $   6,654  $   4,385  $  14,265  $  10,137
   Depreciation                1,168      1,127      3,705      3,392
   Amortization                   62         62        184        269
   Stock based compensation
    (benefit) expense           (152)       214        128      2,934
                           --------------------- ---------------------
 Adjusted EBITDA           $   7,732  $   5,788  $  18,282  $  16,732
                           ===================== =====================

 (1)Includes stock based
  compensation (benefit)
  expense of:
   Cost of professional
    services, support and
    maintenance            $      40  $      51  $     117  $      89
   Cost of data center            11          7         19         30
   Selling and marketing        (379)       (36)      (518)     1,092
   Product development           (21)       (29)         5        478
   General and
    administrative               197        221        505      1,245
                           --------------------- ---------------------
 Stock based compensation
  (benefit) expense        $    (152) $     214  $     128  $   2,934
                           ===================== =====================

                            S1 Corporation
                           Postilion Segment
                       Statements of Operations
                            (In thousands)
                              (Unaudited)
                                TABLE 6

                             Three Months Ended    Nine Months Ended
                            9/30/2009  9/30/2008  9/30/2009  9/30/2008
                           --------------------- ---------------------

 Revenue:
   Software licenses       $   7,747  $   7,512  $  27,206  $  21,138
   Support and maintenance     8,680      8,059     25,110     24,152
   Professional services       6,937      5,198     17,787     14,862
   Data center                 3,896      4,974     11,609     15,192
                           --------------------- ---------------------
     Total revenue            27,260     25,743     81,712     75,344
                           --------------------- ---------------------

 Operating expenses:
   Cost of software
    licenses                     473        702      2,072      2,087
   Cost of professional
    services, support and
    maintenance                8,754      7,708     23,230     21,602
   Cost of data center         3,084      2,728      9,117      8,006
   Selling and marketing       4,665      4,717     13,898     14,305
   Product development         3,787      3,074     10,250      8,286
   General and
    administrative             2,958      2,892      9,022      8,771
   Depreciation and
    amortization of
    intangible assets          1,130      1,130      3,593      3,293
                           --------------------- ---------------------
     Total operating
      expenses (1)            24,851     22,951     71,182     66,350
                           --------------------- ---------------------
                           --------------------- ---------------------
 Operating income          $   2,409  $   2,792  $  10,530  $   8,994
                           ===================== =====================

 Reconciliation to Adjusted
  EBITDA:
   Operating income        $   2,409  $   2,792  $  10,530  $   8,994
   Depreciation                  854        847      2,752      2,445
   Amortization                  651        881      2,009      2,646
   Stock based compensation
    expense                       13        198        293      1,671
                           --------------------- ---------------------
   Adjusted EBITDA         $   3,927  $   4,718  $  15,584  $  15,756
                           ===================== =====================

 (1)Includes stock based
  compensation expense of:
   Cost of professional
    services, support and
    maintenance            $     (34) $     (20) $     (50) $      15
   Cost of data center            24         22         59         46
   Selling and marketing          15         31         81        509
   Product development            57         44        137        121
   General and
    administrative               (49)       121         66        980
                           --------------------- ---------------------
 Stock based compensation
  expense                  $      13  $     198  $     293  $   1,671
                           ===================== =====================

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: S1 Corporation

CONTACT:  S1 Corporation
Investor Contact:
Paul M. Parrish, Chief Financial Officer
404.923.3500
paul.parrish@s1.com

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Companies: S1 Corp. (SONE)

 

S1 Corporation Consolidates Divisional Names to Form Single S1 Brand - Zibb.com

S1 CORPORATION (Nasdaq:SONE), a leading global provider of financial services and payments software solutions today announced a change in its corporate branding.

"For the last three years, we have offered our solutions under three brands: Postilion, S1 Enterprise and FSB Solutions. Effective immediately, we will use a single brand -- S1 -- under which we will market all of our solutions," said Johann Dreyer, Chief Executive Officer, S1 Corporation.

"This change is in response to input from key stakeholders, including customers, prospects, partners, industry analysts and investors. A single brand provides more clarity on the family of solutions our entire organization has to offer and how they can benefit banks, credit unions, retailers, and processors around the world."

S1 has consolidated the websites supporting the three brands into a single website (www.s1.com). The Company has adopted a single logo and established a supporting corporate identity for its single brand.

About S1 Corporation

Leading banks, credit unions, retailers, and processors need technology that adapts to the complex and challenging needs of their businesses. These organizations want solutions that can respond quickly to changes in the marketplace and help grow their businesses. For more than 20 years, S1 Corporation (Nasdaq:SONE) has been a leader in developing software products that offer flexibility and reliability. Over 3,000 organizations worldwide depend on S1 for payments, online banking, mobile banking, voice banking, branch banking and lending solutions that deliver a competitive advantage.

Forward-Looking Statements

This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act. These statements include statements with respect to our financial condition, results of operations and business. The words "believes," "expects," "may," "will," "should," "projects," "contemplates," "anticipates," "forecasts," "intends" or similar terminology identify forward-looking statements. These statements are based on our beliefs as well as assumptions made using information currently available to us. Because these statements reflect our current views concerning future events, they involve risks, uncertainties and assumptions. Therefore, actual results may differ significantly from the results discussed in the forward-looking statements. The risk factors included in our reports filed with the Securities and Exchange Commission (and available on our web site at www.s1.com or the SEC's web site at www.sec.gov) provide examples of risks, uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Except as provided by law, we undertake no obligation to update any forward-looking statement.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: S1 Corporation

CONTACT:  S1 Corporation
David Fontaine
404.923.6865
David.Fontaine@S1.com

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Tags: banking   business   ceo   corporate   financial services   forecasts   law   market   nasdaq   online   products   securities   software   technology   web  

Companies: S1 Corp. (SONE)

 

S1 Corporation: S1 Corporation Consolidates Divisional Names to Form Single S1 Brand - Zibb.com

S1 CORPORATION, a leading global provider of financial services and payments software solutions today announced a change in its corporate branding.

"For the last three years, we have offered our solutions under three brands: Postilion, S1 Enterprise and FSB Solutions. Effective immediately, we will use a single brand -- S1 -- under which we will market all of our solutions," said Johann Dreyer, Chief Executive Officer, S1 Corporation.

"This change is in response to input from key stakeholders, including customers, prospects, partners, industry analysts and investors. A single brand provides more clarity on the family of solutions our entire organization has to offer and how they can benefit banks, credit unions, retailers, and processors around the world."

S1 has consolidated the websites supporting the three brands into a single website (www.s1.com). The Company has adopted a single logo and established a supporting corporate identity for its single brand.

About S1 Corporation

Leading banks, credit unions, retailers, and processors need technology that adapts to the complex and challenging needs of their businesses. These organizations want solutions that can respond quickly to changes in the marketplace and help grow their businesses. For more than 20 years, S1 Corporation (Nasdaq:SONE) has been a leader in developing software products that offer flexibility and reliability. Over 3,000 organizations worldwide depend on S1 for payments, online banking, mobile banking, voice banking, branch banking and lending solutions that deliver a competitive advantage.

Forward-Looking Statements

This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act. These statements include statements with respect to our financial condition, results of operations and business. The words "believes," "expects," "may," "will," "should," "projects," "contemplates," "anticipates," "forecasts," "intends" or similar terminology identify forward-looking statements. These statements are based on our beliefs as well as assumptions made using information currently available to us. Because these statements reflect our current views concerning future events, they involve risks, uncertainties and assumptions. Therefore, actual results may differ significantly from the results discussed in the forward-looking statements. The risk factors included in our reports filed with the Securities and Exchange Commission (and available on our web site at www.s1.com or the SEC's web site at www.sec.gov) provide examples of risks, uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Except as provided by law, we undertake no obligation to update any forward-looking statement.

CONTACT: Daniel Lowther, CC Group PR Tel: +44 (0) 118 920 7669 e-mail: S1@ccgrouppr.com Claire Hutchison, CC Group PR Tel: +44 (0)118 920 7674 Tel: +44 (0)7828 896 037 e-mail: claire.hutchison@ccgrouppr.com WWW: http://www.ccgrouppr.com

((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.

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Companies: S1 Corp. (SONE)

 

S1 Corp Down 5.3% Since SmarTrend's Sell Recommendation - Zibb.com

SmarTrend, our proprietary pattern recognition system, called a Downtrend for S1 Corp (NASDAQ:SONE) on August 31, 2009 at $6.34.

Since then, S1 Corp has returned 5.3% as of today's recent price of $6.00. Want to profit from these alerts?

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Companies: S1 Corp. (SONE)

 

Web Sites

Total : 45 View more »

S1 Corporation

S1 Corporation (Nasdaq: SONE) delivers customer interaction software for financial and payment services. Worldwide, more than 3,000 customers use S1 software solutions, which comprise applications that address virtually every market segment and every delivery channel.

http://www.s1.com/

Database security risks and strategies, database security concepts

Free DB2 tutorialLabel-based access control (LBAC) is a security feature introduced in the DB2 Viper release. With LBAC, administrators can control read and write access of a user at the table, column, and row level.

http://www.developers.net/node/view/1511

Online Application Design Samples -- Desert Wolfe Designs

S1 Corporation (formerly Security First Technologies) was among the first companies to develop Internet banking software. Banks purchase the software and customize it to match their brand, then provide this software to their customers.

http://www.desertwolfedesigns.com/online_application_design_s1.htm

S1 Corporation Company Profile

Datamonitor's S1 Corporation Company Profile is the essential source for top-level company data and information. The report examines the company's key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.

http://www.biz-lib.com/ZDM67034.html

Web Sites powered by Bing

Total : 7,270,000 View more »

S1 Corporation

www.s1.com

Banks, credit unions, retailers, and processors rely on S1 for payments, online banking, branch banking, and lending software solutions.

http://www.s1.com/

SONE: Profile for S1 Corporation - Yahoo! Finance

finance.yahoo.com

See the company profile for S1 Corporation (SONE) including business summary, industry/sector information, number of employees, business summary, corporate governance, key ...

http://finance.yahoo.com/q/pr?s=sone

SONE: Summary for S1 Corporation- Yahoo! Finance

finance.yahoo.com

Get detailed information on S1 Corporation (SONE) including quote performance, Real-Time ECN, technical chart analysis, key stats, insider transactions, and the latest company ...

http://finance.yahoo.com/q?s=sone

S1 Corporation (SONE) Company Profile - CorporateInformation.com

www.corporateinformation.com

S1 Corporation. The Group's principal activity is to provide software solutions for financial organizations including banks, credit unions, investment firms and insurance companies ...

http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=78463B101