MI Marshall & Ilsley Corp

Metavante to Acquire TREEV, Enhancing Digital Document Storage and Retrieval Solutions Leading Provider of Browser-Based Document and Report Management Software and Consulting Services to Join Metavante Financial Services Group MILWAUKEE, June 24 /PRNewswire-FirstCall/ -- Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE:MI), today announced the signing of a definitive merger agreement to acquire TREEV, LLC, of Herndon, Va. The company will continue to operate under the name of TREEV, and will become a subsidiary of Metavante Corporation. The $19.5 million acquisition, of which approximately $17.6 million will be funded using Marshall & Ilsley Corporation common stock, is expected to close in the third quarter, pending regulatory approval and other customary closing conditions. The purchase is not expected to have a material impact on M&I's financial results. TREEV is a premier provider of software solutions and consulting services to the financial industry. TREEV delivers browser-based document and report management software to the financial services market in both lending and deposit environments. "The acquisition of TREEV fulfills another element of Metavante's imaging and payments strategy and complements our existing imaging solutions," said Frank R. Martire, Metavante president and chief executive officer. "TREEV will complement Metavante's long-term check imaging strategy by providing solutions for document storage and retrieval, including electronic report storage. TREEV's customer base already includes a number of Metavante clients, including clients of Kirchman Corporation and Advanced Financial Solutions." Since its establishment in 1986, TREEV has enabled over 1,500 financial institutions to transform paper-intensive operations into more efficient electronic and automated processes, resulting in increased productivity, reduced costs, and customer loyalty. TREEV's solutions are currently used by financial institutions of all asset sizes nationwide, including 14 percent of banks with assets of more than $800 million. "TREEV is a highly innovative organization with a like-minded focus on premier customer care. That same entrepreneurial spirit and talent will be a good addition to the wide range of Metavante financial service functionality that we provide," said Paul Danola, president and chief operating officer, Metavante Financial Solutions Group. "This acquisition is a good example of how we are bringing innovative technology and state-of-the-art image-based solutions to our clients." About TREEV TREEV is a leading provider of browser-based document and report management software and consulting services to the financial services industry. TREEV has enabled over 1,500 financial institutions to transform paper-intensive operations into more efficient electronic and automated processes, resulting in increased productivity, reduced costs, and increased customer loyalty. TREEV's solutions are currently used by financial institutions of all asset sizes nationwide, including 14 percent of banks with assets of more than $800 million. Established in 1986, TREEV is headquartered in Herndon, Va., ( http://www.treev.com/ ). About Metavante Metavante Corporation delivers banking and payment technologies to financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image- based and conventional check processing, electronic funds transfer, and electronic presentment and payment. Headquartered in Milwaukee, Wis., Metavante ( http://www.metavante.com/ ) is wholly owned by Marshall & Ilsley Corporation (NYSE:MI). This press release contains forward-looking statements concerning M&I's, Metavante's and TREEV's future financial results and operations, including expected closing dates and operating activities. Such statements are subject to important factors which could cause M&I's and Metavante's actual results to differ materially from those anticipated by the forward-looking statements. These factors include (a) receipt of regulatory approvals without unexpected delays or conditions; (b) timely implementation and execution of integration plans; (c) retention of customers and critical employees; (d) successfully leveraging Metavante/TREEV's comprehensive product offering to the combined customer base; (e) unanticipated changes in laws, regulations, or other industry standards affecting Metavante/TREEV businesses which require significant product redevelopment efforts, reduce the market for or value of its products or render products obsolete; (f) successful management of any impact from slowing economic conditions or consumer spending; (g) no catastrophic events that could impact Metavante/TREEV or its major customers' operating facilities, communication systems and technology or that has a material negative impact on current economic conditions or levels of consumer spending; (h) no material breach of security of any Metavante/TREEV systems; and (i) those referenced in M&I's Annual Report on Form 10-K for the year ended December 31, 2004, under the heading "Forward-Looking Statements" and such other factors as may be described from time to time in M&I's subsequent SEC filings, which factors are incorporated herein by reference. DATASOURCE: Metavante Corporation CONTACT: Chip Swearngan, +1-414-357-3688, , or Sam Kim, +1-678-533-4861, , both of Metavante Corporation Web site: http://www.metavante.com/ http://www.treev.com/

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