Reval Signs Alliance Agreement with Gateway Systems, Inc.

New York, April 30, 2002 –  Reval, a leading provider of risk management and regulatory compliance services, announces an Alliance with Gateway Systems, Inc., the Illinois-based cash management systems provider. Under the Alliance, Gateway Systems will co-market Reval’s financial risk management and FAS 133 module to Gateway’s existing client base of approximately 14,000 installed users.

Reval’s full derivative hedging and risk management services are being used by a number of Fortune 1000 companies such as Countrywide Home Loans, Waste Management, and other brand name corporations to manage large, sophisticated portfolios and can be deployed via the Internet or as an integrated in-house solution at the client site.

Gateway Systems has been servicing clients in the cash management industry for over sixteen years at over 14,000 installed sites in 52 countries globally. Their centralized cash management with in-house banking capabilities has already been utilized by numerous large institutions including: General Electric and their subsidiaries worldwide, The Prudential Insurance Company of America, The US Air Force, TD Waterhouse, Walgreens, and several key banks that redistribute Gateway products under their own private labels.

"We are very excited about the possibilities of leveraging Gateway’s global treasury management experience with Reval’s expertise in derivatives, risk management and FAS 133," notes Jiro Okochi, Co-founder and CEO of Reval. "Together, we will be able to offer an affordable best-of-breed solution that marries our respective expertise."

"The Reval and Gateway product lines together provide a complete and competitive offering to corporations and banks of any size" said Orazio Pater, Gateway Systems Inc.’s President and Founder.

About Gateway Systems

Gateway was founded in 1986 and is an international financial software company with installations at over 14,000 organizations in 52 countries. Gateway offers 50 financial application modules, grouped into four complete, integrated product lines: 1) Treasury Management, 2) Electronic Banking, 3) Account Reconcilement, and 4) Global Internet Payment Systems. Gateway is still the only system today that offers a completely re-designed, fully integrated desktop and browser-based system, as opposed to a Web front to an old version of the treasury workstation. All primary Gateway modules are accessible via a standard browser in addition to desktop software. The server and database can be located at the client’s site or can be operated by Gateway on a shared basis.

For more information, visit http://gatewaysystems.com or contact opater@gatewaysystems.com.

About Reval

Reval is a global SaaS provider for Treasury and Risk Management, helping enterprises better manage cash, liquidity and financial risk, and account for and report on complex financial instruments and hedging activities.

For more information, visit www.reval.com or email info@reval.com.

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