Fundtech Reports Financial Results for the Fourth Quarter of 2006 and Full Year 2006

JERSEY CITY, N.J. - 14 February 2007

Fundtech Ltd. (NASDAQ: FNDT), a leading provider of global electronic payment, settlement and cash management solutions, today announced financial results for the fourth quarter ended December 31, 2006. Fundtech posted quarterly revenues of $23.1 million, a 17% increase year-over-year, compared to fourth quarter revenue of $19.8 million in 2006, and 7% increase compared to third quarter 2006 revenue of $21.5.

On a GAAP (Generally Accepted Accounting Principles) basis, the Company reported net income of $1.6 million or $0.10 per diluted share, for the fourth quarter of 2006 compared with net income of $1.6 million, or $0.10 per diluted share, in the fourth quarter of 2005, and net income of $1.2 million, or $0.08 per diluted share, in the third quarter of 2006.

Excluding stock-based compensation, amortization of intangibles and amortization of capitalized software costs, Fundtech's adjusted non-GAAP net income for the fourth quarter of 2006 was $3.0 million, or $0.19 per diluted share, compared with $2.3 million, or $0.15 per diluted share, in the fourth quarter of 2005 and $2.5 million, or $0.16 per diluted share, in the third quarter of 2006.

"The year 2006 was another excellent year for Fundtech. We experienced organic growth at an annual rate of 14%, met our EPS guidance, and made important strides to ensure our long term growth," said CEO Reuven Ben Menachem. "Our Global PAYplus product is proving to be a great solution for European banks that are seeking new strategic payments solutions in the evolving European regulatory environment. In the US market we have transitioned to mostly ASP bookings that will translate into revenues over the next five years. I am confident that our current strategy will ensure healthy organic growth over the next few years."

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