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Fundtech Opens New Global Headquarters in New York City

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NEW YORK, July 15, 2014 (GLOBE NEWSWIRE) -- Fundtech, a market leader in global transaction banking solutions, today announces the opening of its new global corporate headquarters in New York City at 140 Broadway, in the heart of the financial district.

The new, modern space is designed to serve Fundtech's customers, as well as accommodate a growing staff. At twice the size of its former headquarters, the new office features ample meeting space and a state-of-the-art, in-house classroom to provide customers with product training. The office will also serve as a venue to host executive forums, advisory board meetings and other thought-leadership events.

"We are very excited to move our global headquarters to lower Manhattan," says Reuven Ben Menachem, Chief Executive Officer of Fundtech. "The new office is conveniently located for many of our North American-based customers but also provides a wonderful venue to host our many hundreds of international bank and corporate customers. The new office is not only a reflection of Fundtech's phenomenal success of the past, but also of our rapid growth trajectory for the future."

About Fundtech

Fundtech offers a comprehensive line of transaction banking solutions to banks and corporations of all sizes around the world. As a strategic supplier, Fundtech's customers benefit from lower operating costs and an enhanced end-user experience through integrated and feature-rich solutions. The firm's major product lines include: global and regional payments, corporate cash and liquidity management, financial messaging, electronic invoice presentment, supply chain financing, remote deposit capture, merchant services, credit card gateway and mobile banking products. Fundtech offers its software through a traditional software license and a Software-as-a-Service (SaaS) contract. Thousands of financial institutions and companies worldwide rely on Fundtech's innovation to improve operational efficiency, increase revenues, and provide greater competitiveness through business-to-business services. Founded in 1993, Fundtech was acquired in 2011 by GTCR, a Chicago-based private equity firm. For more information please visit www.fundtech.com.

CONTACT: Press Contacts: Patrick Kilhaney, Public Relations & Analyst Relations Manager Fundtech +1 917-286-1053 patrick.kilhaney@fundtech.com Kevin Maher Cognito +1 646 395 6304 fundtech@cognitomedia.com

Source:Fundtech Ltd.