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  Press Release

Press Contact
Julie Bower, Rivercalm
Tel: 0207 665 1636
bower@rivercalm.com
Mosaic Software Contact
Karen Tighe, Marketing Manager
Karen@mosaicsoftware.com

Mosaic Software extends Global Reseller agreement with Logica

Expansion plans on track for Electronic Funds Transfer (EFT) software leader

London, U.K., 24th September 2001 – Mosaic Software, global EFT solutions vendor sends a strong message to the Worldwide electronic funds transfer (EFT) market with the announcement today of the signing of a three year extension to the existing reseller agreement with Logica.

Logica provides an extensive portfolio of services, from strategic consultancy and products, to systems integration, solutions delivery and business process outsourcing. They have been in business for 30 years and have a huge global reach.

Mosaic Software’s NT Windows2000 based solution, Postilion, handles the transaction, delivery and authorisation requirements for every aspect of the EFT arena. Postilion powers ATM Processing/Monitoring, EFT Switching and Routing, Point-of-Sale (POS), Credit/Debit Card Processing, Internet/Call Centre Payment Authorisations, Pre-Payment, Internet/Home Banking and Mobile Commerce applications.

Stevi Lowmass, General Manager of Mosaic Software Europe is enthusiastic about today’s announcement. “The reseller agreement between our two companies is an important element of our European and global growth strategy. The Postilion solution has transformed business for our clients where their focus is on speed of implementation, low cost of ownership, proven and scaleable technology. We are under pressure to extend our channels to market in order to keep up with the growing demand for Mosaic Software solutions and Logica plays a key role for us in the delivery of quality EFT solutions across Europe.”

Postilion has been successfully implemented by many well-known multinational financial services, telco and retail companies. Within the UK and across Europe the Mosaic Software client portfolio includes Arena Leisure, Transaction Network Services, ReD and Royal Sun Alliance in the UK; Luottokunta in Finland, Ashburn UAB in Lithuania and eService in Poland. Nick Baines, Managing Director of Logica Financial products said “the extension of our global Reseller Agreement with Mosaic Software reflects the very positive relationship we have built between the two companies over the past few years, and endorses Logica's evaluation of Postilion as being the 'best in breed' Windows2000 based transaction processing system available in the global marketplace. The flexibility and 'power' of Postilion allows us to place it at the very core of a number of cross-market propositions developed by Logica, for example EMV Enabler, Mobile Prepay Top-up, pay-World Payment Portal. Postilion is a key part of Logica's strategy to bring 'next generation' payments solutions to our customers" Expect more announcements from Mosaic Software very soon.

About Mosaic Software
Mosaic Software is a leading edge provider of electronic funds transfer (EFT) software for consumer-generated electronic transactions, and is the market leader for web-enabled ATM and prepay software solutions. The company is held by strategic partners GE Equity and Comparex Holdings, and Mosaic Software management. With offices in the UK, the US, South Africa and Australia, Mosaic Software has a strong global presence.

The company is firmly established in the financial services industry and its EFT solutions drive operations in a large number of multinational companies and industry leaders around the globe. Clients include financial institutions, retailers, Internet service providers, card issuers, telcos, data processing service providers and some of the foremost players in the emerging online industry.

Mosaic Software’s European clients include Retail Decisions (ReD), Transaction Network Services, Royal Sun Alliance, GE, and Ashburn UAB. International clients include American Express and 7-Eleven. For further information please see www.mosaicsoftware.com

About Logica
Logica is a leading global solutions company providing IT consultancy, systems integration, products, services and support. Logica’s clients operate across diverse markets including financial services, telecoms, energy and utilities, industry, distribution and transport and the public sector. Founded in 1969, Logica has over 10,000 staff in 27 countries worldwide and is listed on the London Stock Exchange where it is part of the FTSE 100 index of the largest UK listed companies.

For further information visit the Logica web site at www.logica.com.
Julie Bower
Account Manager
Rivercalm Limited
31a St James Square
London
SW1Y 4JR
Tel: 0044 207 665 1636
Fax: 0044 207 665 1736
Mob: 0044 7932 733 325

DISCLAIMER: The information in this message is confidential and may be legally privileged. It is intended solely for the addressee. Access to this message by anyone else is unauthorised. If you are not the intended recipient or the person responsible for delivering to the intended recipient, any disclosure, copying, or distribution of the message, or any action or omission taken by you in reliance on it, is prohibited and may be unlawful. If you have received this email in error please notify Rivercalm by telephone on +44 (0) 20 7665 1636 or by return of email.



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