HiFX Gains a Competitive Edge with Pervasive Software for Foreign Exchange Transfers

Pervasive Software® Inc. (NASDAQ: PVSW), a global leader in cloud-based and on-premises data innovation, today announced that HiFX PLC, one of the U.K.'s international payments specialists, has implemented Pervasive Data Integrator™.

Pervasive worked with HiFX to develop an integration solution for the company’s in-house developed systems that has enhanced its back-office business processes and the online international money transfer services provided to its clients. Pervasive’s reliable and rapid integration tools have allowed HiFX to routinely initiate payments and secure transfers from their bank through to SWIFT, the world’s largest payments/settlements network, for all domestic U.K. and international trades, enabling a faster payment process.

HiFX now uses Pervasive Data Integrator to generate the commonly used form of SWIFT payment messages – the SWIFT MT103. This is achieved by transforming the native XML format payment messages generated from the HiFX system platform onto IBM MQ secure message queues that are used for SWIFT connectivity. The SWIFT payments solution, developed similarly, integrates the notification of funds received by HiFX from clients into the HiFX core systems.

HiFX also used Pervasive Data Integrator as the Extract, Transform and Load (ETL) tool to migrate 60,000 client accounts from the legacy SQL Server to a new back-end Oracle database. This same integration capability now maintains ongoing synchronization of the HiFX client data into the company SalesLogix CRM system.

"Pervasive prides itself on building and delivering reliable, scalable and innovative data integration technology that can help organizations like HiFX rapidly improve business processes and better serve their customers,” said Lance Speck, general manager, Pervasive Integration Products.

"Pervasive’s products, training and support exceeded our expectations; the HiFX implementation of Pervasive Data Integrator has reduced operational costs and indirectly helps to enhance the client experience of using the HiFX online international money transfer services,” said Stephen Blandford, HiFX IT project manager.

Stephen Blandford will present more details on HiFX’s implementation of Pervasive Software at Pervasive IntegrationWorld-Europe, taking place on January 31, 2012 at the Cumberland Hotel in London.

About HiFX PLC

Over a decade ago, HiFX’s founding partners realised that by minimising unnecessary banking overheads and investing in technology, they could offer both companies and private individuals significantly better exchange rates and provide an exceptional foreign exchange service with no hidden fees. Last year HiFX advised and executed over £9 billion in foreign exchange and was trusted by 40,000 private individuals and 2,000 corporate clients in over 100 industry sectors. For more information, visit www.hifx.co.uk.

About Pervasive Software

Pervasive is a global data innovation leader, delivering software to manage, integrate and analyze data, in the cloud or on-premises, throughout the entire data lifecycle. Pervasive products deliver value to tens of thousands of customers worldwide, often embedded within partners’ software, with breakthrough performance, flexibility, reliability and return on investment. For additional information, go to www.pervasive.com.

Cautionary Statement

This release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements included in this document are based upon information available to Pervasive as of the date hereof, and Pervasive assumes no obligation to update any such forward-looking statement.

All Pervasive brand and product names are trademarks or registered trademarks of Pervasive Software Inc. in the United States and other countries. All other marks are the property of their respective owners.