Nottingham, Wednesday 8th October 2008: Synergy Financial Systems Ltd., a leading UK provider of SWIFT services located in Nottingham UK announces today that it has finalised its acquisition by Swiss based BBP, a Fundtech subsidiary. The combined business has a current client base of over 200 financial institutions, creating one of the world’s largest SWIFT service bureau operators. Commenting on the deal, Synergy CEO Peter Sandhu said “As part of BBP/ Fundtech, Synergy is now poised for the next phase in its evolution and growth.”

The move brings tremendous benefits to both Synergy and to BBP. Synergy is now part of a substantial group and will be able to extend its offer to the market. Building on its success as a software vendor and service bureau, Synergy is now ready to take an increased share of the market for products and outsourced services. Synergy Services Director Eddie Prendergast commented: “Having a partner who understands the business will help Synergy to extend our portfolio of products and services and in turn accelerate our growth plans.”

Commenting on the acquisition, Per Trifunovic, CEO of BBP said: “This acquisition is an important part of BBP’s growth strategy, which is to expand into key geographic markets as well as expand our line of SWIFT-related products and services.”

Mr Trifunovic, added: “Synergy Financial Systems brings enormous value to BBP. As a very strong player in the SWIFT Service Bureau market with an excellent reputation for reliability and resilience, Synergy will raise BBP’s profile in this area. With highly complimentary product offerings, both BBP and Synergy will benefit from access to a wider product portfolio.”

Mr Trifunovic went on to add: “To ensure that we leverage their experience and knowledge, Eddie and Peter will join the BBP board.”

BBP now owns 100 % of Synergy shares with the transaction being fully financed by BBP. Both BBP and Synergy will both continue to operate as separate, autonomous, businesses with a full commitment to management, employees, products and services.

For Synergy customers, it is business as usual with no changes in responsibility for customers. Eddie Prendergast adds: “The best news for our customers is that we are already part-way through a major investment in Synergy’s SWIFT Service Bureau to further enhance its resilience and capacity.”

Reuven Ben Menachem, CEO of Fundtech said: “SWIFT services and recurring revenue is an important part of Fundtech’s growth strategy. We welcome Synergy’s employees and clients into the Fundtech family and look forward to our mutual success.”

ENDS

About Synergy Financial Systems

About Synergy Financial Systems Synergy Financial Systems is a leading UK SWIFT Service Bureau providing support and hosting services to more than 50 financial institutions. These include banks, fund managers and corporates.

Our customers continually tell us that we are special because we offer 2 things:

1. True Resilience - we do this by using two data centres, both continually active and located geographically remote from one another. Our network is engineered to ensure that there are no single points of failure and is entrusted to BT Radianz as a network provider. Resilience extends to the human side of the business too with operations conducted from multiple monitoring & control locations.

2. A unique combination of service, integration & development expertise.

We are careful to make sure that our pricing is transparent with no surprises and the majority of contracts offered on a fixed price basis. Our support contracts all include unlimited telephone support as well as no restrictions on on-site support.

About BBP

A subsidiary of US$120m turnover, NASDAQ listed Fundtech, BBP AG is a software house specialized in the integration of interbank applications and has earned an excellent reputation in the banking industry. BBP's most important goals are product reliability and the long term, successful cooperation with clients and partners. BBP offers its software on an in-house or ServiceBureau basis for SWIFT, SIS SegaIntersettle, Swiss Interbank Clearing (SIC), and other networks.

Since 1995, BBP has been operating the first independent ServiceBureau in Switzerland and is, today one of the largest SWIFT ServiceBureaus world-wide.

In 2001, S.W.I.F.T. s.c. awarded BBP the "Provider of SWIFT Accredited Services" label. BBP is pleased to serve 120 financial institutions directly as clients. Today, about 50 installations at approximately 30 banks and data centers are serving over 200 banks, mainly in Switzerland, but also in Germany, Great Britain, Sweden and France. BBP is located in Baden Switzerland (25 km west of Zurich).

For more information, visit: www.bbp.ch.

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.