This partnership offers securities firms, brokerages, asset management firms and retail banks a flexible solution for identifying and eliminating operational and compliance risks, and increasing process automation, with a high degree of industry expertise.

The companies have already begun to jointly market Optinfo's Enterprise Exception Management Suite(TM) (EMS) and FITS' operational assessments and reconciliation matrix methodology.

"The economy has forced financial services organizations to look for near term opportunities to create great efficiencies with modest investment. Our combined solution provides the operational analysis, reconciliation strategy and the exception management technologies to automate business processes and decrease operational risks," says Steve Manz, CEO Optinfo. "FITS' deep knowledge of specific areas of operation, coupled with Optinfo's Enterprise EMS for managing business processes and exceptions, bring high value to the market."