Fundtech and Sterling Commerce Partner to Sell Internet E-Banking and Funds Transfer Software

Business Wire, April 14, 1999

JERSEY CITY, N.J.--(BUSINESS WIRE)--April 14, 1999--

Partnership Strengthens Both Companies' Market Presence and Sales

Opportunities

Fundtech Ltd (Nasdaq:FNDTF) today announced an agreement with Sterling Commerce (NYSE:SE), a leading provider of business-to-business electronic commerce software and services. The joint agreement calls for the two companies to market one another's electronic banking and funds transfer software products. Sterling Commerce customers will be able to license Fundtech's FEDplu$, PAY$tar and Access Banking software, and Fundtech will offer its customers COMMERCE:Banker and COMMERCE:Banker for the Internet, two of Sterling Commerce's electronic banking solutions.

Fundtech provides one of the most widely implemented set of fully functional funds transfer solutions, while Sterling's COMMERCE:Banker product furnishes payment initiation, reporting and balancing capabilities.

The Fundtech/Sterling Commerce relationship significantly increases the marketing and sales opportunities available to each company. Fundtech's and Sterling Commerce's combined offerings are positioned to meet the electronic banking and electronic funds transfer needs of financial institutions of virtually all sizes, regardless of their software functionality and cost requirements.

Reuven Ben Menachem, Fundtech's Chairman and Chief Executive Officer, said, "This agreement expands the marketing presence of both companies, broadens our offering of Internet solutions, and positions us to pursue new sales opportunities."

"The combination of Sterling Commerce's cash management products and Fundtech's domestic payment system provides the market with a single, integrated solution," said Bob Heard, General Manager of Sterling Commerce's Commerce Payments Business Unit. "With Access Banking, the electronic banking product geared to mid-size to large banks, Sterling Commerce can sell electronic banking solutions to banks of virtually all sizes, and PAY$tar will allow our company to target international banks in the United States."

Fundtech Ltd.

Fundtech Ltd. designs, develops, markets and supports a suite of mission-critical client/server software products that enable financial institutions and large business enterprises to process payments, transfer funds and manage their cash positions electronically. The Company's products are among the most technologically-advanced and cost-effective electronic payments, funds transfer and cash management solutions. The Company's proprietary innovative software architecture, which is based on the Windows NT and UNIX operating systems, provides modular, scaleable, and secure solutions that have been sold to more than 220 financial institutions.

Sterling Commerce is a leading global provider of business-to-business electronic commerce software and value-added services. A Forbes 500 company, Sterling Commerce is ranked as one of the Top 100 technology companies by The Red Herring, a magazine that covers the business of technology. Sterling Commerce has been providing electronic commerce solutions for 25 years, and has 37 office locations and more than 40 distributors worldwide. Sterling Commerce had 1998 revenues of more than $490 million, and has more than 42,000 customers worldwide supported by its 2,300 employees.

Through its market-leading product and service families, Sterling Commerce provides a full spectrum of electronic commerce solutions built specifically with Internet technology.

-- The CONNECT family of products provides the software

infrastructure for moving and managing information inside and

outside the enterprise.

-- The COMMERCE family provides value-added services to help

customers build, manage, and service global commerce business

communities.

-- The GENTRAN family provides software for the integration of

business processes and the automation of business transactions.

-- The VECTOR family provides banking application software and

services for the automation of check flow and other financial

transactions.

-- EC Managed Services offers a full range of EC outsourcing

services and consulting solutions.

For more information, visit the Sterling Commerce Web site at www.sterlingcommerce.com

All products or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners.

Certain statements contained herein, including statements regarding the development of Fundtech ("the Company's") services, markets and future demand for the Company's services and other statements regarding matters that are not historical facts, are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements include risks and uncertainties; consequently, actual results may differ materially from those expressed or implied thereby. Factors that could cause actual results to differ materially include, but are not limited to, variability of quarterly operating results, dependence on key personnel, ability to effectively manage growth, risks associated with rapid technological advances, risks associated with possible acquisitions, any integration of those acquisitions into the Company's present business, risks associated with the Company's strategic partnerships, various project associated risks, including Internet projects, substantial competition, risks associated with intellectual property rights, risks associated with international operations and other risk factors listed from time to time in the Company's filings and reports.