At ACE we believe that change is constant. Our business and technolo-gies are continually evolving to keep up with the demands of a challenging yet exciting global marketplace. Every day we empower ourselves to meet these challenges we face to ensure that our custo-mers needs are served. In this way we will remain a world leader in AI (Artificial Intelligence) based financial software solu-tions. We believe in empowerment and the freedom to act on behalf of our customers.

ACE Software Solutions, Inc.

News Release

ACE Software Completes Testing Under the IBM System Storage Proven™ Program

London and New York – 19th April, 2007 - ACE Software Solutions (www.acesw.com), provider of intelligent payment and STP solutions for the financial sector, today announced its PELICAN suite of payment and STP solutions has successfully completed interoperability and scalability testing with IBM’s System Storage products and has been confirmed as IBM System Storage Proven. The IBM System Storage Proven program builds on IBM’s already extensive interoperability efforts to develop and deliver products and solutions that work together with third party products.

“From the beginning we have built our intelligent payment and STP solutions on open standards thus ensuring our clients benefit from rapid implementations, lower operating costs and minimal project risk. Our participation in the Systems Storage program demonstrates that ACE and IBM are each focused on customer satisfaction by promoting greater interoperability,” said ACE Software CEO Parth Desai, “ACE has done extensive scalability and interoperability testing at IBM Hursley. It confirms that our PELICAN solutions can cope with high volumes of transactions which is essential for SEPA compliance.”

ACE’s PELICAN framework - based on SWIFTReady Gold accredited technologies, is now the core technology for the three new solutions, specifically designed to address the market needs of different customer groups. These are PELICAN for SEPA, PELICAN for Corporates and PELICAN for SWIFTNet.

PELICAN is an end-to-end messaging platform that can handle processing of Inward and Outward messages and transactions in a straight through processing mode. Scope also includes various payments such as Salaries and Central Bank and RTGS payments. The system is intended to be used by several departments and different geographical locations.

The IBM System Storage Proven program supports the ability of independent hardware and software vendors to build high-quality solutions with the latest technology on leading storage platforms as well as reduce solution design time when multiple, tested building blocks have already been pre-tested.