JERSEY CITY, N.J., Nov. 30, 2011 (GLOBE NEWSWIRE) -- Fundtech Ltd.
(Nasdaq:FNDT) ("Fundtech" or the "Company") announced today that the
merger of Fundtech with F.T. Israeli Mergerco Ltd., an indirect,
wholly-owned subsidiary of US FT Parent, Inc., both of which were
formed by GTCR Fund X/A LP or its affiliates, has been completed
following satisfaction of the conditions to closing, including approval
of the Company's shareholders at a special meeting of the Company's
shareholders, held on October 25, 2011. The purchase price of $23.33 in
cash, subject to applicable tax withholdings, for each ordinary share
of Fundtech represents a transaction value of approximately $390
million.

Mr. Reuven Ben-Menachem will continue to serve as Chief Executive
Officer of the Company, which will no longer trade on the Nasdaq Global
Market or the Tel Aviv Stock Exchange following the completion of the
transaction. American Stock Transfer LLC has been appointed as the
paying agent under the merger agreement and will shortly be sending out
to shareholders of record information regarding the exchange of their
shares for merger consideration. Shareholders should not send their
share certificates to the paying agent until they receive appropriate
instructions.

The consolidated organization, which combines Fundtech with
GTCR-affiliated BankServ, will have expanded product lines in wholesale
banking and will add significantly to Fundtech's line of
small-to-medium business products. The combination also brings together
Fundtech's experience as the leading supplier of advanced software
technology to large financial institutions with BankServ's experience
as the leading provider of SaaS to community and regional banks.

Dave Kvederis, BankServ's CEO, will become a member of Fundtech's Board
of Directors.

The combined company expects to add significant value to its products
by tightly integrating them. For example, combining BankServ's Remote
Deposit Capture products with Fundtech's cash management products will
create greater end-user utility and improved user experience. Both
companies are innovators in SWIFT for Corporates service bureau
business, and both are innovators in mobile financial services.

"The future of payments technology revolves around the more demanding
digital customer," said Nancy Atkinson, senior analyst, Aite Group.
"Fundtech and BankServ's union will offer customers a wide spectrum of
cutting edge payments solutions. This ranges from a robust SOA platform
for larger firms striving to revamp legacy technology all the way to
SaaS applications for smaller firms to drive innovation while
maintaining cost efficiency."

"Today's banking customer requires a tailored approach to cash
management. Capabilities such as remote deposit capture (RDC) alongside
payments and electronic invoicing are in high demand, particularly via
multiple channels including mobile," said Bob Meara, senior analyst,
Celent. "The combination of BankServ and Fundtech will help satisfy
these new customer demands by providing banks of all sizes with an
expanded cash management offering."

The combined company has estimated 2011 revenues of $200 million; and
1,300 employees who are active in every region of the world.

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 operates the world's
largest SWIFT service bureau. We offer an extensive line of financial
supply chain applications including electronic invoice presentment and
supply chain financing. 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.

About GTCR

Founded in 1980, GTCR is a leading private equity firm focused on
investing in growth companies in the Financial Services & Technology,
Healthcare and Information Services & Technology industries. The
Chicago-based firm pioneered the "Leaders Strategy" -- finding and
partnering with world-class leaders as the critical first step in
identifying, acquiring and building market-leading companies through
acquisitions and organic growth. Since its inception, GTCR has invested
more than $8.5 billion in over 200 companies. For more information,
please visit www.gtcr.com.

Certain statements in this press release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements include, but are not limited to, the expected completion of
the transaction and the timing thereof, the satisfaction or waiver of
any conditions to the transaction, any events related to the
transaction, our expected revenues, our market and growth
opportunities, the amount of anticipated cost synergies and other
benefits associated with any proposed transaction and other statements
that are not historical fact.

These forward-looking statements are based on currently available
competitive, financial and economic data together with management's
views and assumptions regarding future events and business performance
as of the time the statements are made and are subject to risks and
uncertainties. We wish to caution you that there are some known and
unknown factors that could cause actual results to differ materially
from any future results, performance or achievements expressed or
implied by such forward-looking statements, including but not limited
to uncertainties as to the conditions to the transaction discussed in
the press release, operational challenges in achieving strategic
objectives and executing our plans, the risk that markets do not evolve
as anticipated, the potential impact of the general economic conditions
and competition in the industry.


CONTACT: Fundtech Contact:
         Yoram Bibring
         CFO - Fundtech Ltd.
         Tel: 1-201-946-1100
         yoram.bibring@fundtech.com