 |
 | |
 |  |
| We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level. |
An e-banking company with earnings, a healthy cash balance, and no debt. Company overview: "Founded in 1993, Fundtech Ltd, Inc., provides a suite of client/server software products and related services that enable financial institutions and large business enterprises to process payments, transfer funds, and manage their cash positions. The company's products connect banks and large financial institutions with their clients and payment networks, allowing institutions to do real-time balance verification, payment processing, account reconciliation, advanced reporting, and risk management. The company has developed strategic alliances with Microsoft, SWIFT, and Tandem, as well as broad network of reseller partnerships with a number of large distributors in the sales channel, including EDS Japan, Compaq, Fiserve, M&I, Sterling Commerce, and Tandem. The company's solutions have been implemented at more than 210 financial institutions, including Fidelity, Merrill Lynch, Washington Mutual, and Republic National. . . . ". . . over the last several years, the company has signed over 210 new customers, including some of the top banks in Europe, and we believe that Fundtech has a very full pipeline of potential new customers for the coming year. We also think that the company is at the forefront of some significant opportunities to roll out new products, cross-sell into its existing client base, and enter new markets. As such, we are confident that the company can grow EPS at 35-40% over the next several years. . . " To address the diverse needs of its target markets, Fundtech has developed a suite of Y2K and EMU- compliant client/server software that enables banks and corporations to automate the processes of funds transfer, electronic banking, and corporate treasury management. With its FEDplu$, PAYStar, and PAYplus RTGS offerings, Fundtech enables banks to cut costs through lowered overhead and reduced errors, while improving client service, meeting compliance requirements, and generating revenue. The company's solutions allow banks to process wholesale payments seamlessly from initiation to settlement, or "straight through. . . ." "Fundtech grew revenue 125% in 1997, and posted 188% revenue growth in 1998. As Fundtech further penetrates its enormous existing opportunity, enters new markets, and rolls out new products, we believe that the company can comfortably grow revenue at 56% in 1999 and 38% in the year 2000. . . "Through the combination of rapid revenue growth and operating leverage, the company showed explosive EPS growth in 1998 of roughly 500% to $0.44. For 1999, we believe Fundtech will post 76% EPS growth to $0.78, increasing to $1.11 in 2000. We believe that there is upside potential to these estimates. The company also boasts a strong balance sheet with $13 million in cash, virtually no debt, and DSOs in the range of 90-100 days. . . ." [H&Q company report] Homepage: fundtech.com Company profile: biz.yahoo.com Analyst coverage: biz.yahoo.com biz.yahoo.com biz.yahoo.com biz.yahoo.com Earnings report: biz.yahoo.com Headlines from Israel's Business Arena globes.co.il:81/arena/owa/advance_search.simple Apax Israeli Tech Fund: interactive.wsj.com Newbury Ventures, VC backer: newburyven.com To order analyst reports: multexinvestor.com Partner links: Microsoft: microsoft.com Sterling Commerce: stercomm.com Compaq: compaq.com SWIFT: swift.com IBM: biz.yahoo.com | ||||||||||||||
|
| Home | Hot | SubjectMarks | PeopleMarks | Keepers | Settings |
| Terms Of Use | Contact Us | Copyright/IP Policy | Privacy Policy | About Us | FAQ | Advertise on SI |
| © 2025 Knight Sac Media. Data provided by Twelve Data, Alpha Vantage, and CityFALCON News |