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TranZfinity Hires New CTO

TranZfinity (www.tranzfinity.com), the leading enabler of trusted transaction solutions, announced today that Senthil Kanagaratnam has joined the company as its Chief Technology Officer. Senthil, who will lead the technology development efforts for the Secure-Z's8482; platform and Secure-ME's8482; solutions, is based in San Jose, California.

Prior to joining TranZfinity, Senthil has had progressive responsibility managing engineering teams at companies such as Symbol, Motorola and Hypercom, where he was the VP of Technology Architecture. At Symbol, he managed the technical marketing group for Symbol'ss POS and Kiosk division, and was instrumental in growing the division'ss revenue from US$ 10 million to over US$ 35 million in one year. Most recently, Senthil served in an engineering leadership role at Yahoo, where he was responsible for managing advertising platforms. He holds a Bachelors degree in Computer Science from the University of London.

Senthil brings significant experience in the areas of mobile applications, POS payment software, security, wireless solutions and scalable enterprise content management, says Jeff Miles, TranZfinity'ss CEO and President. His background and unique experience will help us deliver solutions that accelerate the adoption of Near Field Communication (NFC) on a broader scale, he adds.

Senthil and his team, which include Sridhar Gudihala - formerly a software engineer at ViVOtech, come to fortify a team that has several years of experience in secure transaction and wireless solutions, including former executives from VeriFone with proven track records.

About TranZfinity

TranZfinity is providing a way for bank card issuers, mobile network operators, mobile handset manufacturers, transportation systems, merchants and advertisers leap from pilots into broader commercial rollouts. By using our products and solutions, application providers can create trusted relationships for online and offline access control, secure payments, and secure information sharing and storage in one solution without the high cost of infrastructure changes. TranZfinity is headquartered in Carlsbad, California, with offices in San Jose, London and Singapore. For more information about TranZfinity, please visit our website at www.tranzfinity.com.

Media Contact:

TranZfinity, Inc.

Erica Savka

+1.800.893.0477 ext. 802

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