Science & Technology
Science and Technology
Science and Technology
Thu, February 5, 2009
Wed, February 4, 2009 Fundtech Wins IBM?s Best ISV Award for Financial Services Industry Solutions in India
JERSEY CITY, N.J.--([ BUSINESS WIRE ])--Fundtech Ltd. (NASDAQ: FNDT), a market leader in global transaction banking solutions, today announced that it has won IBM's prestigious Best ISV award for Financial Services Solutions in India.Chosen from among more than 40 focused Independent Software Vendor (ISV) business partners, Fundtech was recognized for its strong technology adoption, implementation and ability to influence IBM's software & server technology business in India.
On receiving the accolade, Mr. Sanjay Dalmia, CEO, Fundtech India, said: "It is a great honor to be recognized by IBM as the Best ISV for Financial Services Industry Solutions. We are proud to be recognized for our technical excellence and value our collaboration with IBM - together addressing the needs of financial institutions throughout the Asia-Pacific region."
Fundtech currently has a significant presence throughout Asia Pacific, with nearly 400 employees located in India, Singapore, Japan and Australia. The company has over 40 clients in 15 Asia-Pacific countries using a wide variety of Fundtech products, including cash management, global payments, CLS and financial supply chain. Fundtech was also selected as one of 200 finalists for the Red Herring 100 Asia 2007 awards for innovative technology companies.
About Fundtech
Fundtech (NASDAQ: FNDT), was founded in 1993, and is a leading provider of software and services to banks of all sizes around the world. Payments systems include wire transfers, ACH origination, cross-border payments and remittance. Cash management systems are designed for large corporate through small business clients. Fundtech is a leader in SWIFT services, operating one of the world's largest SWIFT service bureaus in the world. We offer an extensive line of financial supply chain applications including electronic invoice presentment and supply trade financing. And we are the leading provider of CLS systems to the world's largest banks. More than 1,000 clients throughout the world rely on Fundtech solutions to improve operational efficiency and provide greater competitiveness through innovative business-to-business services. For more information, visit [ www.fundtech.com ].
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, 2007, 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.
