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FUNDTECH: Fundtech Partners with MarathonTechnologies to Enhance Business Continuity; New relationship provides financial services companies with assurance that critical transaction processing applications will be uninterrupted(M2 PressWIRE Via Thomson Dialog NewsEdge) RDATE:11092007 Jersey City, NJ -- Fundtech Ltd.(NASDAQ: FNDT), the leading provider of global electronic payment, settlement and cash management solutions announced today that it has signed a software reseller agreement with Marathon Technologies Corporation, a leading provider of automated, fault tolerant-class availability solutions for virtual and physical environments. Fundtech will OEM and transparently integrate Marathon's everRun fault tolerant-class technology into its software solutions. Marathon's everRun line of fault tolerant-class availability products protects Microsoft Windows applications from leading sources of downtime while eliminating the need for costly and complex failover processes, specialized applications, or proprietary server hardware. "Marathon's everRun software enhances our applications by further protecting our customers from the consequences of planned and unplanned downtime," said Robert Coakley, Senior Vice President, Product Development and Delivery, Fundtech. "This is another example of how Fundtech provides a complete transaction processing solutions to financial services firms." With its expertise and broad operations in the financial services industry, Fundtech found Marathon's solution to be an ideal complement to its suite of cash management and payments products. After carefully evaluating other availability offerings such as clustering, Fundtech established that everRun was the most reliable, straightforward and cost-effective option. Turnkey, automated, and simplicity are the cornerstones of the everRun line, which uses embedded intelligent policy management to resolve faults and failures. The primary benefit to the end user is that they are protecting their business by ensuring continuity of operations - simply, at low cost and with complete confidence. "With their broad array of leading products across the financial supply chain,' we are pleased to partner with Fundtech," said Gary Phillips, President and CEO at Marathon. "We look forward to continuing Fundtech's commitment to excellence by further optimizing their application performance." AboutFundtech With thirteen offices on four continents, Fundtech Ltd is a leading provider of software solutions and services to financial institutions around the world. The Company develops and sells a broad array of products across the "financial supply chain" that enable banks to automate their corporate banking activities in order to improve efficiency, while providing their customers flexibility, convenience and control. Fundtech offers products in five businesses segments: payments, cash management, settlements, financial messaging, and post-trade securities settlement. Fundtech is a publicly traded company, listed on NASDAQ (FNDT). The company was founded in 1993. For more information, please visit www.fundtech.com About Marathon Technologies Marathon Technologies Corporation is driving the convergence of availability and virtualization technologies through its v-Available initiative. Marathonis the only company to deliver a complete range of automated, fault tolerant-class availability and disaster recovery software solutions for all essential Windows applications. The company's everRun product family protects businesses by ensuring continuity of operations in virtual and physical environments. Marathon is a privately held, venture-backed corporation based in Littleton, Massachusetts, USA, with offices worldwide. For more information please visit www.marathontechnologies.com, call 978-489-1100 or 888-682-1142. Forward Looking Statements: This news release contains forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, projections of revenues, income or loss, capital expenditures, plans for growth and future operations, competition and regulation. Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted or quantified. When used in this Release, the words, "estimates," "expects," "anticipates," "believes," "plans," "intends," and variations of such words and similar expressions are intended to identify forward-looking statements that involve risks and uncertainties. Future events and actual results could differ materially from those set forth in, contemplated by or underlying the forward-looking statements. The factors that could cause actual results to differ materially from those discussed or identified from time to time in Fundtech's public filings, including its Annual Report on Form 20-F for the year ended December 31, 2006, including general economic and market conditions, changes in regulations and taxes and changes in competition in pricing environment. Undo reliance should not be placed on these forward-looking statements, which are applicable only as of the date hereof. Fundtech undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances that arise after the date of this Release or to reflect the occurrence of unanticipated events. CONTACT: Ben Jarrold, Metia Inc Tel: +44 (0)20 3100 3610 e-mail: [email protected] Charlotte Crivelli, Metia Inc Tel: +1 917 320 6452 e-mail: [email protected] Amy Osborn, Fundtech Corporation Tel: +1 201 215 6550 e-mail: [email protected] Brian Mullins, Marathon Technologies Corp. Tel: +1 978 489 1146 e-mail: [email protected] ((M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected])). Copyright 2007 M2 Communications Ltd. |