Progressive(R) Insurance First to Automate Shopping & Buying
               Process With Mobile Photo Quoting(TM)

SAN DIEGO, Feb. 2, 2012 (GLOBE NEWSWIRE) -- Mitek Systems, Inc.
(Nasdaq:MITK) (www.miteksystems.com), the leader in mobile imaging
solutions, today announced a suite of solutions that enables property
and casualty insurers to deliver easy and convenient mobile services
across the sales, service and support functions. The solutions use the
camera on a mobile device (smartphones & tablets) to take photos of
documents to eliminate data entry on small keypads and automate tasks
creating superior mobile user experience.

Progressive(R) Insurance is first to market with Mitek's Mobile Photo
Quoting(TM) which utilizes cameras on smartphones to automate the
shopping and buying process for auto insurance. Using the Progressive
mobile application available for download in the Apple App Store, the
consumer simply enters their zip code and takes a picture of their
driver's license, Vehicle Identification Number or existing insurance
ID card. Mitek's patented mobile imaging technology automatically
extracts relevant information from the documents and auto-populates the
fields in Progressive's mobile quoting app. The user then confirms the
information and hits submit. Moments later, they receive an auto
insurance quote with the option to buy.

"We are constantly looking for new ways to save consumers time and
money," said Matt Lehman, mobile business leader at Progressive. "With
Image Capture, Progressive simplifies the process of getting an auto
insurance quote anywhere, anytime."

All of Mitek Systems Insurance Solutions use its patented mobile
imaging technology to create mobile services carriers can use to drive
both customer acquisition and operational efficiencies. The solutions
in the suite are:


  --  Mobile Photo Quoting(TM) - automates the insurance shopping and buying
      process by taking photos of drivers license, Insurance ID Card and VIN
  --  Mobile Photo Payment(TM) -- simplifies enrollment in electronic payment
      through checking accounts or direct deposit for a claim reimbursement
      transfer taking photo of a blank check
  --  Mobile Photo Claims(TM) - streamlines the claims process by enabling
      customers and agents to simply snap photos customer's drivers license,
      insurance card and license plate
  --  Mobile Photo Document Capture & Send(TM) - enables policyholders and
      agents to take a photo of any document and send it as a high quality PDF
      to any email address or fax number




"Mitek's software turns the camera into a mobile scanning device,
eliminating hundreds of keystrokes," said Mitek Systems President and
CEO James B. DeBello. "Our new insurance solutions will automate tasks,
solving points of pain for both consumers and carriers."

Watch video demonstration of Progressive(R) Insurance Mobile Photo
Quoting(TM) app..

About Mitek Systems

Headquartered in San Diego, CA., Mitek Systems (Nasdaq:MITK) is a
mobile imaging software solutions provider that allows users to
remotely deposit checks, pay their bills, get insurance quotes, and
transfer credit card balances by snapping a picture with their
smartphone or tablet cameras instead of using the device keyboard.
Mitek's technology increases convenience for the consumer by
eliminating the need to have 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.

Safe Harbor

This press release may contain forward-looking statements, which are
made pursuant to the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995, as amended to date.
These forward-looking statements involve risks and uncertainties. A
number of important factors could cause actual results to differ
materially from those in the forward-looking statements contained
herein. These factors include risks related to technological changes,
new product introductions, continued acceptance of Mitek Systems
products and dependence on intellectual property rights. These factors,
as well as other factors that could cause actual results to differ
materially, are discussed in more detail in Mitek Systems' filings with
the United States Securities and Exchange Commission (available at
www.sec.gov) and other regulatory agencies.

(C) 2012 Mitek Systems. All rights reserved. The Mitek Systems name and
logo and Mobile Deposit(R) are registered trademarks of Mitek Systems,
Inc. Mobile Photo Bill Pay(TM), Mobile Balance Transfer(TM), Mobile
Photo Quoting(TM), Mobile Photo Payments(TM), Mobile Photo Claims(TM),
Mobile Photo Capture and Send(TM) and Mobile Imaging Platform(TM) are
trademarks of Mitek Systems, Inc. Other product or service names
mentioned herein are the trademarks of their respective owners.


CONTACT: Media Relations:
         Ann Reichert
         pr@miteksystems.com
         858.309.1730
         
         Investor Relations:
         Julie Cunningham
         ir@miteksystems.com
         858.309.1780