HUMC Hummingbird

Solution proactively addresses Know Your Customer issues, streamlining the identity verification process and enforcing best practices for criminal investigation TORONTO, June 12 /PRNewswire-FirstCall/ -- Hummingbird Ltd. (NASDAQ:HUMCNASDAQ: TSX:NASDAQ:HUM), a leading global provider of integrated enterprise content management (ECM) and network connectivity solutions today announced it is partnering with L-3 Communications Titan Group (NYSE:LLL) to deliver an end- to-end solution that addresses the customer identification and investigation case management aspects of anti-money laundering (AML). L-3 Communications Titan Group, a leading provider of comprehensive information and communications products and end-to-end enterprise IT solutions, has developed a financial crime intelligence gathering and investigation solution based on Hummingbird Enterprise(TM). This unique offering includes Hummingbird's core document and records management capabilities tightly integrated with Hummingbird BI(TM), Hummingbird's leading query, analysis and reporting product. The solution satisfies AML compliance requirements by proactively addressing Know Your Customer issues, streamlining the identity verification processes, and enforcing best practices for criminal investigations. This sophisticated solution was designed for financial institutions, which must comply with governing requirements such as The USA PATRIOT Act; the UK Proceeds of Crime Act; and Canada's Proceeds of Crime (Money Laundering) and Terrorist Financing Act. It gives organizations the ability to reduce manual and redundant tasks and improve compliance processes. "Governments and international bodies are committed to the fight against money laundering and terrorist financing and have tightened the requirements for financial institutions to deter and detect money laundering activities. Organizations that fail to meet these compliance requirements are facing tough penalties, including hefty fines and suspension of operations," said Barry Litwin, President and Chief Executive Officer, Hummingbird Ltd. "By partnering with L-3 Communications Titan Group, Hummingbird is addressing the anti-money laundering compliance and delivering an innovative platform that enables organizations to build and execute comprehensive AML programs including robust customer identification programs to meet the constantly evolving legislative requirements." Hummingbird Enterprise offers a flexible solution that ensures critical identification information including documents, images, e-mails, and other information related to a specific account can be captured and profiled at the point it is obtained and then saved to the content repository for easy retrieval. The storage and security of the customer's content and the ability to search and quickly retrieve customer identification information as required are all supported in the Hummingbird solution for AML compliance. Compliance teams and auditors will have access to relevant information, when required, reducing the time spent investigating suspicious activity and responding to court orders for information. Furthermore, Hummingbird Enterprise provides a secure, standards- compliant records management solution that works in tandem with the image and document repository. When combined with records management best practices, an AML compliance team can establish comprehensive lifecycle management of both paper and electronic records. Content assets are protected against risks such as litigation or disaster, while satisfying complex regulatory requirements. Hummingbird Enterprise offers the following additional functions: - Business reporting tools to help transform customer information and investigation results into intelligence. Organizations can analyze activity trends, risk exposure, and worker performance. - Automated workflows to ensure procedures are followed and carried out on schedule. - A team collaboration framework that offers a secure workspace for both internal and external sources involved in an investigation. "We are pleased to expand upon our long successful association with Hummingbird to offer a truly robust anti-money laundering solution with the flexibility to adapt to a financial organization's existing workflow processes while ensuring full AML compliance," said Ed Denion, Senior Vice President and General Manager of the business unit responsible for providing L-3 Titan's AML solution. To read more about how Hummingbird Enterprise addresses anti-money laundering, please visit: http://www.hummingbird.com/industry/financial/antimoneylaundering.html(number sign)know About L-3 Communications Titan Group Headquartered in Reston Virginia, L-3 Titan Group is a leading provider of C4ISR, homeland security and defense/global war on terrorism, government enterprise information technology, intelligence, and aerospace, solutions and services for the Department of Defense, intelligence agencies, and other federal, state and local government and civilian customers. As a provider of national security solutions, the company has approximately 10,000 employees. To learn more about L-3 Titan Group, please visit the company's web site at http://www.l-3com.com/Titan. About Hummingbird Enterprise(TM) Hummingbird Enterprise provides an integrated platform for enterprise content management that provides global organizations with solutions to manage business interaction information such as documents, records, virtual deal room exchanges, discussions, e-mail or financial data - linking business processes, information and people. Hummingbird solutions are designed as modular applications that are fully interoperable with each other, enabling customers to incrementally build an enterprise content management solution to meet their evolving information needs in a cost effective manner. About Hummingbird Hummingbird Ltd. (NASDAQ:HUMCNASDAQ:TSX:NASDAQ:HUM) is a leading global provider of enterprise software solutions. Hummingbird's enterprise content management (ECM) solutions enable organizations to manage the lifecycle of enterprise content from creation to disposition. Hummingbird Enterprise solutions enable organizations to address critical business needs, such as information management, business continuity, compliance and risk mitigation. Founded in 1984, Hummingbird employs over 1,400 people and serves more than 33,000 customers, including 90% of Fortune 100. Hummingbird solutions are sold directly from 40 offices worldwide and through our Alliance Network of partners and resellers. For more information, visit http://www.hummingbird.com/ Forward-looking statements in this press release, including statements relating to the Company's capital structure, future sales growth, profitability, competitive position and release of new products are made pursuant to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are subject to risks and uncertainties that may cause future results to differ materially from those expected. Such risks include, but are not limited to: the Company's ability to secure underwriting support and attract investors to its stock; the Company's ability to introduce new products in a timely manner and its ability to generate demand for, and gain market acceptance of those products in an intensely competitive marketplace, where many of its competitors have substantially greater resources than the Company; the Company's ability to maintain revenue growth at current levels or anticipate a decline in revenue from any of its products; the Company's ability to reduce its costs to the extent required to maintain profitability should revenue decline; the Company's ability to hire, train, and retain highly qualified personnel; the Company's reliance on third party distribution channels as part of its sales and marketing strategy; and other risks detailed in the Company's various securities filings with the Securities and Exchange Commission and Canadian securities regulators. Forward-looking statements are based on management's current plans, estimates, opinions and projections, and the Company assumes no obligation to update forward-looking statements if assumptions related to these plans, estimates, opinions and projections should change. DATASOURCE: Hummingbird Ltd. CONTACT: Hummingbird contacts: Dan Coombes, Director, Investor Relations, Tel: (416) 496-2200 ext. 6359, ; Michele Stevenson, Senior Manager, Corporate Communications, Tel: (416) 496-2200, ext. 2623, ; To request a free copy of this organization's annual report, please go to http://www.newswire.ca/ and click on Tools for Investors.

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