Fundtech Comments on ACI Worldwide Proposal for S1 Corporation

Fundtech Ltd. FNDT, in response to recent inquiries, today confirmed that it is aware of a press release by ACI Worldwide, Inc. issued today in which ACI Worldwide has made an offer to S1 Corporation to acquire all of the outstanding shares of S1 for $9.50 per share in cash and stock and on the other terms and conditions provided in ACI Worldwide's press release. Fundtech has no further information at this time regarding this proposal to S1 from ACI Worldwide. As previously announced, Fundtech and S1 Corporation executed a definitive merger agreement on June 26, 2011, pursuant to which Fundtech and S1 agreed that Fundtech would merge with a subsidiary of S1 and shareholders of Fundtech immediately prior to the effective time of the merger would receive shares of S1 common stock in the merger. The merger agreement with S1 remains in effect. The merger with S1 is subject to the satisfaction of closing conditions, including the receipt of shareholder approvals and regulatory approvals and Court approval in Israel. There can be no assurances that the closing conditions will be satisfied. Fundtech does not intend to make any additional comments regarding this matter unless and until it is obligated to do so under law or other applicable requirements.