Drive Financial Embraces Managed Applications Services Delivered from netASPx

HERNDON, VA, April 12, 2007 - netASPx, the leading Managed Applications Services provider delivering "Software as a Service" (SaaS) to the Financial Services community is delighted to announce that Drive Financial Services Inc. (a.k.a. Drive Financial Services® and Drive®) has selected netASPx as they continue to embrace the outsourcing model for all of their applications.

Drive Financial understands by using netASPx to manage Workforce Timekeeper, Connect and Accruals from Kronos, they will benefit from:

  • A lower Total Cost of Ownership (TCO),
  • Increasing the efficiency and effectiveness of their Kronos investment,
  • Lowering the risk profile normally associated with running enterprise applications.

"Our Kronos system was the last third-party enterprise application that we were running in house," said Don Goin, Drive"s CIO and Senior Vice President of Information Technology. "With netASPx managing our Kronos investment we are eager to begin our upgrade from 4.3 to 5.2 and capitalize on Kronos" complete and robust solution," he continued.

With 25 years experience in dealing with complex workforce related challenges and tens of thousands of customers, Kronos has the product depth that Drive needs to meet its workforce requirements. Drive understands that Kronos" workforce management solution addresses critical needs of their day-to-day business, but they also wanted to ensure that their budget and resources were focused on more strategic and revenue generating goals and objectives.

With netASPx, Drive is able to maximize the use of the Kronos solution in a cost and resource effective manner, all the while lowering the risk associated with running such complex enterprise applications.

"At netASPx, we have built our Service Delivery Infrastructure in a manner that permits us, for a fixed low monthly fee, to include patching, cyclicals and upgrades without the commonly associated extra fees," said John Whiteside, President and CEO of netASPx.

"We are delighted to see customers like Drive Financial use the full breadth of our service offering, including our functional - "How to" support and 24x7 operational support, to maximize the benefits that Kronos brings to their business," he continued.

With 10 years experience, nearly 100 customers and highly focused, deep expertise in Kronos Software, netASPx is the logical choice for Drive to rapidly increase the efficiencies of their Kronos investment. This efficiency, coupled with the peace of mind that their enterprise applications are managed by focused, highly trained professionals, allows Drive Financial to keep their center of attention on their core competencies and delivering exceptional service to their customers.

About netASPx
netASPx, headquartered in Herndon, Virginia, is both a pioneer and the leading innovator in the delivery of "Software as a Service." A premier Managed Applications Services (MAS) company, netASPx maintains facilities and infrastructure designed specifically to support Finance, Human Resources, Accounting, Payroll and Supply Chain Management solutions from industry leading software manufacturers including Kronos and Lawson Software, as well as complementary applications. Our professional and operations service offerings, delivered at the customer site or hosted in our facility, drive down total cost of ownership, manage risk and deliver superior service levels, freeing up capital and resources to focus on driving new services for our customers. netASPx operates a secure, scalable "Fortune 50" Operations Center in Minneapolis, Minnesota, from which we have provided uninterrupted service since 1986.

About Drive®
Drive is one of the fastest-growing companies in the automotive finance sector, with a $3.5 billion non-prime portfolio originated from a pool of 12,000 dealer partners throughout North America. Drive (www.drivefinancial.com) is a leading provider of finance programs that cover the entire non-prime spectrum. Headquartered in Dallas, Drive (Drive Financial Services Inc.) is part of Santander (NYSE: STD), the seventh largest global bank by profit.