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MTM Technologies Awarded Multi-Million Dollar Services Contract By Webster Bank

Posted on: Tuesday, 5 December 2006, 09:01 CST

MTM Technologies, Inc. (NASDAQ: MTMC), a leading national provider of innovative IT solutions and services to Global 2000 and mid-size companies, today announced that it has been awarded a multi-year, multi-million dollar IT services contract by Webster Bank, N.A. to provide comprehensive support services to over 3,500 desktops and over 600 servers.

"Information technology plays a key role in our ability to deliver premium financial products and services to our customers," said Zeynep Fredrick, Webster Bank's Chief Information Officer and Executive Vice President. "For years, MTM Technologies has played a strategic role in the growth and success of our business, leveraging technology to enhance our operations, our productivity, and ultimately, the service we provide our clients. Webster Bank has sustained a high growth rate over the past decade, and MTM Technologies has consistently delivered the technology solutions and high service levels that we need to support this growth. I am very pleased to extend our relationship with MTM Technologies, and look forward to many more years of success."

For the past ten years, MTM Technologies has provided Webster Bank with a broad range of IT solutions--including access, convergence, consolidation, and virtualization solutions--plus consulting, support, and managed services. Headquartered in Waterbury, Connecticut, Webster Bank provides business and consumer banking, mortgage, insurance, financial planning, trust, and investment services through 177 banking offices, 336 ATMs, telephone banking, and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, the insurance premium finance company Budget Installment Corp., Center Capital Corporation, an equipment finance company headquartered in Farmington, Connecticut, and provides health savings account trustee and administrative services through HSA Bank, a division of Webster Bank.

"MTM Technologies has been our IT partner for years and has supported many key initiatives of the bank, from our first deployment of Citrix, to our more recent migration to Microsoft Exchange," said Will Durr, Webster Bank's Senior Vice President of Technology Delivery. "MTM Technologies is there every day, on the front line, supporting us and making sure that our users' needs are met. They truly care about our business, and with the outstanding team that they have deployed on-site, a true partnership between Webster Bank and MTM Technologies has been created."

"MTM Technologies is committed to providing its clients with exceptional service and value," said Francis J. Alfano, Chief Executive Officer of MTM Technologies. "A contract of this magnitude which covers such a broad range of services speaks volumes to the results that MTM Technologies has delivered in the past, and to the confidence that Webster Bank has in our ability to deliver results in the future. It is truly an honor to work with an organization as dynamic and as progressive as Webster Bank, and we look forward to continuing to be an important part of Webster Bank's growth and success."

About MTM Technologies, Inc.

MTM Technologies, Inc. is a leading national provider of innovative IT solutions and services to Global 2000 and mid-size companies. Partnered with industry-leading technology providers such as Cisco, Citrix, Microsoft, HP, Sun Microsystems, EMC and Avaya, MTM Technologies' practice areas include access infrastructure, IP telephony, enterprise storage, security and network and systems infrastructure. Service areas include managed services, consulting, professional IT staffing and implementation. For more information, visit www.mtm.com.

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995

The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include MTM Technologies' entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in MTM Technologies' Securities and Exchange Commission filings. The forward looking statements in this press release speak only as of the date hereof and MTM Technologies disclaims any obligation to provide updates, revisions or amendments to any forward looking statement to reflect changes in MTM Technologies' expectations or future events.

Source: Business Wire

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