RESTON, VA ( Commenting on the transaction, Ronald L. Rossetti, Chairman and Chief Executive Officer of Tier Technologies stated, "It would be difficult to find a better strategic fit for us. The advanced technology of ChoicePay and their growing utility vertical are fully consistent with our long-term strategic plans.”

Nina Vellayan, Chief Operating Officer commented further, “We were impressed with the immediate synergies of the two companies from the beginning of our negotiations. Their platform will allow us to offer our current clients new features and benefits faster than we originally expected. Also, the addition of a number of talented staff, many with deep industry experience, to the Tier organization will further strengthen our organization.”

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