TruPoint Partners Acquires IT Risk Check

CHARLOTTE, N.C., June 2, 2008 -  TruPoint Partners  announced the acquisition of Capital Banking Solutions' IT Risk Check software. Capital Banking solutions is a leading provider of IT risk assessment and audit software.

"The acquisition of IT Risk Check is an ideal fit for TruPoint Partners. Increased regulatory pressure and broad public scrutiny of our clients GLBA 501b compliance efforts make this acquisition particularly important to us and those we serve" said Trey Sullivan, President and CEO of TruPoint Partners. 

"Capital Banking Solutions has a proven history of delivering well conceived, cost effective applications to community banks and credit unions. The IT Risk Check software is recognized as a leading Gramm-Leach-Bliley Act (GLBA) application in the community bank market and we are excited about continuing to build upon an already powerful platform," adds Sullivan.

The acquisition of IT Risk Check will enable TruPoint Partners to offer a comprehensive suite of solutions designed to help financial institutions take control of the risk assessment and review process. the company plans to announce the release of IT Risk Check Version 4.0 in July of 2008.

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About TruPoint Partners

TruPoint Partners serves community based financial organizations with regulatory compliance solutions and services.  Over 500 community banks and credit unions depend on TruPoint Partners for assistance with CRA, HMDA, geo-coding and GLBA. For more on TruPoint Partners solutions please visit http://www.trupointpartners.com .

 

Contact:

Justin Smith

803-547-0082 ext 205

jsmith@trupointpartners.com

 

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