Printer Friendly Version View printer-friendly version
<< Back

Wright Express Announces Hosting Agreement with CSC for International Fuel Card Processing

Niels Kristian Nielsen Joins Wright Express International Operations as Chief Solutions Architect

SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Jun. 23, 2009-- Building on its acquisition of international capabilities in 2008, Wright Express (NYSE: WXS) announced an expansion of its international operations by establishing an agreement with CSC to provide hosting services for the Wright Express International Fleet Card System. The agreement reinforces Wright Express’ international fleet card processing solution and services with CSC’s data center and application hosting expertise in Europe.

The Company concurrently announced that Niels Kristian Nielsen has joined the Wright Express International Operations group as its Europe-based chief solutions architect. Nielsen is responsible for developing the Company’s business and functional requirement specifications for Europe, and will be working closely with CSC to implement and support Wright Express’ international fleet card processing capabilities in that region. Prior to joining Wright Express, Nielsen worked with numerous oil companies designing and implementing best-in-class payment processing solutions. He most recently served as senior IT architect at IBM Denmark.

“Reaching this agreement with CSC and adding Niels Nielsen are the next of many steps Wright Express will take as we build our international operations and address the needs of global customers,” said Joe Czternastek, general manager, International Operations. “Our arrangement with CSC will provide us with a best- in-class solution and allow us to gain economies of scale as we attract new business in Europe and other international markets. Bringing more than 24 years experience within the IT industry working with application and integration architecture and solutions, Niels Nielsen will be a valuable addition to our team as we develop our international processing infrastructure.”

About Wright Express

Wright Express is a leading global provider of payment processing and information management services. Wright Express captures and combines transaction information from its proprietary network with specialized analytical tools and purchasing control capabilities in a suite of solutions that enable fleets to manage their vehicles more effectively. The Company's charge cards are used by commercial and government fleets to purchase fuel and maintenance services for approximately 4.7 million vehicles. Wright Express markets its services directly to fleets and as an outsourcing partner for its strategic relationships and franchisees. The Company's business portfolio includes a MasterCard-branded corporate card as well as TelaPoint, a provider of supply chain software solutions for petroleum distributors and retailers, and Pacific Pride, an independent fuel distributor franchisee network, as well as international subsidiaries. For more information about Wright Express, please visit www.wrightexpress.com.

About CSC

CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions & Services, Global Outsourcing Services and the North American Public Sector. CSC’s advanced capabilities include systems design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, Va., CSC has approximately 92,000 employees. For more information, visit the company’s Web site at www.csc.com.

This press release contains forward-looking statements, including statements regarding Wright Express Corporation’s plan to develop an international business model. These forward-looking statements include a number of risks and uncertainties that could cause actual results to differ materially, including: changes in fueling methods in the international market; volatility in fuel prices; future fueling patterns; effects of competition; the potential loss of key strategic relationships; decreased demand for fuel and other vehicle products and services and the effects of general economic conditions on the commercial activity of fleets; the Company’s ability to rapidly implement new technology and systems; potential corporate transactions including alliances, mergers, acquisitions and divestitures; achievement of the expected benefits of the Company’s alliances, mergers and acquisitions; and the other risks and uncertainties included from time to time in the Company’s filings with the Securities and Exchange Commission, including the annual report on Form 10-K filed on February 27, 2009, and the Company’s other periodic and current reports. Wright Express Corporation undertakes no obligation to update these forward-looking statements at any future date or dates.

Source: Wright Express Corporation

News media contact:
Wright Express
Jessica Roy, 207-523-6763
Jessica_Roy@wrightexpress.com
or
Investor contact:
Steve Elder, 207-523-7769
Steve_Elder@wrightexpress.com