Intertec will provide ACE's sophisticated payment and anti-money laundering solutions to financial institutions in the region

Dubai, September 4, 2007: Intertec Systems, a leading IT solutions provider with clients and implementations across the GCC and India, has announced its signing of a new partnership agreement with London-headquartered ACE Software Solutions. As a partner, Intertec will now be able to provide ACE's sophisticated payment and anti-money laundering solutions to financial institutions in the region.

ACE Software Solutions is a provider of intelligent payment, anti-money laundering (AML) and straight through processing (STP) solutions for the financial industry. Its clientele includes BNP Paribas, Credit Agricole, Credit Suisse, RBC Dexia, State Bank of India and Standard Chartered.

Commenting on the partnership with ACE, Mr. Naresh Kothari, Managing Director, Intertec Systems said: "We are pleased to be associated with ACE Software Solutions. Over the last sixteen years, we have been able to build an impressive list of clients, including many in the financial industry. It is our understanding that there is a definite demand for payment and AML solutions in the region and we see a huge scope for ACE's solutions here."

He added: "We are certain that our new partnership with ACE will be a mutually beneficial one."

Financial institutions have increasing demands for flexible and sophisticated payment capabilities which adhere to the stringent need for regulatory compliance.  To compete on the world stage, it is vital that organisations comply with global standards.  ACE Software offers a range of specially designed payment solutions for Banks and Corporates based on their PELICAN™ platform.  Each element of the PELICAN solution suite solves a current pressing need in the market whilst providing a platform that can accommodate changes in the payments landscape, whether from industry or regulatory initiatives.

In addition the ACE AML Toolkit allows for effective Anti-Money Laundering, using sophisticated fraud and compliance message filtering. It checks transactions against official sanction lists such as United States' Office of Foreign Assets Control and United Nations to identify suspicious or illegal activity. The system intelligently captures suspicious patterns in customer behaviour that may be part of an illegal activity.

Commenting on the partnership, Parth Desai, CEO, ACE Software Solutions, said: "The Middle East region is a growing market and it is evident that a local presence is essential for us to provide continual excellent customer service and support."

He added: "Working with Intertec will enable us to provide our users with the implementation and ongoing support to meet their needs."

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About Intertec Systems, LLC
Intertec Systems, a Dubai-headquartered Information Technology company with a presence in many countries, is focused on empowering businesses with cutting-edge technology solutions. With over 16 years of experience, Intertec Systems has been delivering high-quality solutions and services in many critical domains including technology solutions implementation, customised application development, hardware infrastructure, product deployment and training, complete network solutions and IT consultancy. For more information, visit the company website at www.intertecsys.com.

About ACE Software Solutions
ACE Software Solutions is a provider of intelligent payment and STP solutions for the financial sector. The company's flagship Pelican™ solution offers fully integrated real-time payments, liquidity and cash management, Anti-Money Laundering and OFAC compliance, whilst, Pelican for SEPA solves functional and technical SEPA compliance issues. With five SWIFT Gold label accreditations, ACE is recognised for bringing to the market both depth and breadth of payment and STP expertise. A worldwide financial client base includes BNP Paribas, CommerzBank, Credit Agricole, Credit Suisse, RBC Dexia, State Bank of India, Standard Chartered, Toronto Dominion and UBOC. ACE Software Solutions is headquartered in New Jersey with regional offices in London, Brussels, Oslo and Mumbai. For further information, please visit www.acesw.com.

© Press Release 2007