Eontec Announces Web Services Support for Its J2EE Based Financial Components; Eontec Achieves Increased Interoperability Across J2EE and Microsoft .NET Platforms With Web Services

Business Wire, June 25, 2002

Business Editors/High Tech Writers

Eontec, the global leader in the development and delivery of Enterprise Java(TM) Banking solutions, today announces that its extensive range of retail and corporate banking functionality can now be deployed in enterprise applications with Web services technology. As a result, Eontec's customers will benefit from increased interoperability between J2EE(TM) and Microsoft .NET technologies and greater component reuse.

"Eontec recognizes that a critical issue in assembling enterprise applications is interoperability," says John Randles, chief technology officer. "Our Financial Components are designed to integrate with heterogeneous systems. Now using Web services technology Eontec can further enhance levels of interoperability, allowing banks using Microsoft .NET on the desktop to integrate these systems seamlessly with J2EE applications. Eontec's endorsement of this technology is based on Web services enabling greater interoperability between components and legacy systems such that our clients can achieve increased return on their technology investment."

Eontec has successfully proven that its Financial Components are portable across UDDI, WSDL and SOAP implementations from Web services market leaders such as IBM and BEA. Eontec(TM) Financial Components, which are based on J2EE technology, are now provided with a WSDL definition making them available for use as Web services.

"Eontec has fully embraced Web services, combining its inherent benefits and those of J2EE with specific industry expertise to deliver best-in-class financial solutions. Web services technology maximizes component reuse across enterprise applications that need to share data and business processes, delivering increased value across the business. Financial institutions that plan to utilize Web services technology can now be confident that Eontec solutions will support that strategy," said Colin Piper, president of North American Operations, Eontec.

About Eontec

Eontec is the global leader in the delivery of mission-critical Enterprise Java(TM) Banking solutions to major financial institutions. Eontec provides proven systems assembled from reusable financial components for retail and corporate financial services, including branch operations, lending, payments, and credit card services. These can be deployed across multiple channels including the branch, call centers, the Internet, ATMs and wireless devices to create a unified customer experience.

When used as a strategic platform for business transformation to customer-centric banking, Eontec(TM) delivers an operationally driven single view of customer, enables institutions to manage technology transition and empowers them to roll out innovative services by exploiting existing CRM and legacy systems.

Eontec pioneered Java technology in Financial Services and was the first company to offer true multi-channel banking software. Our implementations offer a unique dual benefit - tailored solutions for immediate priorities and a reusable asset for future demands. Today Eontec offers a proven J2EE-based solution. Composed of business functionality, multi-channel services and an integrated assembly environment, Eontec realizes the promise of component technology - flexibility, speed and cost reduction.

Founded in 1994 by banking and IT specialists, Eontec is based in Ireland and the United States with regional offices in Canada, Germany, the UK, Japan and Singapore. The major investors in the company include Warburg Pincus and Bank of Scotland (Ireland) (formerly ICC Venture Capital). www.eontec.com

www.eontec.com