Passageways Announces Release of Bank Holding Portal Solution

West Lafayette, IN. December 13^th, 2007 – Passageways, a West Lafayette, Ind.-based portal solutions provider for financial institutions, announced the launch of its Passageways Bank Holding Portal Solution. The solution meets the institution-wide communications needs of holding companies and their subsidiaries.

The Passageways Bank Holding Portal Solution facilitates and centralizes collaborative communication among bank employees, as well as storing role-specific resources and industry-relevant applications in easy-to-reach locations.

The portal is available in two delivery formats: in-house or hosted. The standard in-house solution places the portal on the holding company’s existing server or a newly purchased one. The hosted solution provides the use of the Passageways software and hosting with a one-time set-up fee and an affordable monthly fee. This software as a service (SaaS) solution, which can serve an unlimited number of users, supports the use of the Passageways Portal Framework as well as most of the Passageways modules.

“Increasing productivity, streamlining workflows and more effectively managing information are some of the benefits available to banking holding companies that use corporate portals,” said Paroon Chadha, co-founder and vice president of Passageways.

Passageways’ technology offers a portal framework that enables financial institutions to collaboratively organize and manage documents, content, Web sites and other corporate knowledge bases.