Payment Industry Veteran Brings Deep Technical Experience to
       Support Mitek's Next Phase of Development and Growth

SAN DIEGO, July 9, 2012 (GLOBE NEWSWIRE) -- Leading mobile imaging
software solutions provider Mitek Systems, Inc., (Nasdaq:MITK) today
announced that Michael Strange has joined the Company as chief
technology officer. In this capacity, Strange is responsible for
leading the technological advancements of Mitek's mobile imaging
software solutions and finding new markets for the technology to serve
both the banked and underbanked industry segments. Dr. Grigori
Nepomniachtchi has been named chief scientist and will report directly
to Strange, as will engineering, product management and quality
assurance.

"Mike brings 20 years experience in payments, prepaid, hosted services
(BSO and SaaS), professional services, and proven product leadership
and project management to his new role at Mitek," said James DeBello,
Mitek Systems president and CEO. "His experience in leading mobile
product development will help Mitek expand its capabilities and product
portfolio for the banked and underbanked marketplace, including
driver's license capture for identity verification, as well as other
markets set to benefit from the gold standard in mobile imaging
technology."

Prior to joining Mitek Systems, Strange was CTO of Green Dot
Corporation, a provider of retail-based prepaid products to a broad
base of U.S. consumers. In this role, he led the architecture planning
and strategy functions, resulting in a reusable platform to serve the
large underserved market known as the underbanked, including launching
the company's mobile program.

"Mitek is extremely well positioned in the marketplace, and I am proud
to have the opportunity to extend and expand on such a strong
foundation. Remote deposit capture is just the beginning. Mitek has
developed patented mobile imaging technology that can enable depositing
checks, loading prepaid cards, paying bills and managing personal
finances." said Strange. "I feel my experience is the perfect match for
a company on the cutting edge of taking smartphones and tablets to the
next level of functionality for consumers."

Strange has also served as director at Neudesic, where he led numerous
practices and projects, including systems architecture, product
development, business intelligence, data warehousing, and CRM
implementations. Before that he was senior vice president at William
O'Neil + Company, where he led enterprise architecture, product
configuration, and data management modernization. Mike Strange holds a
B.S. degree in Computer Science from the Massachusetts Institute of
Technology (MIT).

About Mitek Systems

Headquartered in San Diego, Calif., Mitek Systems (Nasdaq:MITK) is a
mobile imaging software solutions provider that allows users to
remotely deposit checks, pay bills, get insurance quotes, and transfer
credit card balances by snapping a picture with their camera-equipped
smartphones and tablets instead of using the device keyboard. Mitek's
technology increases convenience for the consumer by eliminating the
need to go to the bank branch or automated teller machine, and
dramatically reduces processing and customer acquisition costs while
increasing customer retention. With a strong patent portfolio, Mitek is
positioned as the leading innovator in mobile imaging software and
currently provides its solutions to Fortune 500 financial services
companies. For more information about Mitek Systems, please visit
www.miteksystems.com.




CONTACT: Investor Relations:
         Julie Cunningham
         858.309.1780
         ir@miteksystems.com
         
         Media Relations:
         MIX Public Relations for Mitek Systems
         miteksystems@mix-pr.com