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Clear2Pay runner-up in EU supported Gate2Growth Venture Contest , Clear2Pay best ICT venture, finishing second after a life science

Brussels, 19 December 2005 – Clear2Pay, a leading supplier of next generation
payments technology solutions claimed second place (and first amongst its peer ICT finalists)during the final presentation round of 13 remaining contestants at the European Gate2Growth Venture Contest, during the Gate2Growth Summit on the 13th of December in Berlin.

Gate2Growth is a European Union supported initiative organized to identify, acknowledge and award high technology based companies in Europe.
Clear2Pay, founded in 2001, was selected out of 300 companies across Europe that had entered the competition, which was open to early to mid-stage ventures active in life sciences, ICT and other innovative technologies. The jury comprised of Europe’s leading venture capital fund managers and investment
analysts praised Clear2Pay on the following criteria for success:
- Innovative character
- Attractiveness
- Competitive advantage
- Market approach and perspective
- Quality of the management team

"We are delighted that our efforts have been recognised by the European venture capital industry" said Michel Akkermans, Chairman and CEO of Clear2Pay. "Financial institutions and corporates are looking for
scaleable and flexible payment solutions and that is what we have been building and implementing from day one. Clear2Pay’s products are based upon the leading-edge technologies such as Service-Oriented Architecture (SOA) that drive the current technology paradigm shift in payment systems’ technology around the globe. We are proud of this endorsement for our timing and strategy, and I view this as a compliment to
our entire team".