CheckFree Corporation Completes Sale of M-Solutions to Informa Investment Solutions, Inc.

CheckFree Corporation

(Nasdaq: CKFR) today announced that it has completed the sale of the assets of
its M-Solutions business unit, a part of the CheckFree Investment Services
division, to Informa Investment Solutions, Inc., a wholly owned subsidiary of
Informa Financial Information, Inc. The M-Solutions unit is based in Durham,
North Carolina, and its product line includes M-Search(R), CheckFree M-Pact
and M-Watch(R). CheckFree will continue to support the investment management
industry with CheckFree APL(SM), GIM and CheckFree EPL(TM) (Enhanced Portfolio Lifecycle), the Company's next-generation platform that will deliver superior business, operational and cost efficiencies to broker/dealer firms, money
managers and registered investment advisors.

Terms of the deal were not immediately disclosed. For fiscal 2006, excluding a one-time gain on disposition, CheckFree expects the transaction to be neutral to GAAP earnings per share and modestly dilutive to underlying earnings per share and free cash flow. For the third quarter of fiscal 2006, CheckFree expects the divestiture to reduce revenue for the partial quarter by nearly $1.5 million and be nominally dilutive to both GAAP and underlying earnings per share. For the quarter, the Company now expects revenue of $216 to $221 million.

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