Delta Lloyd Life awards FIS Software multi-million Euro contract to implement new policy administration system

July 19, 2006

New ALIS-based system to reduce costs and time-to-market for new insurance products, and improve efficiency and customer service

Leading life insurance company Delta Lloyd Life has awarded FIS Software a multi-year, multi-million Euro contract for the implementation of ALIS as their new policy administration system across their portfolio of investment, risk, mortgage and savings products.

Delta Lloyd Life will use ALIS to replace several current back office systems that are managing the Delta Lloyd business in Belgium. The new ALIS-based system provides a web-based environment, managing both back office and front office operations, and will include data migration. This will enable Delta Lloyd Life to bring significant improvements in the administration of products and services to end-customers.

Caspar Van Haaften, Chief Operating Officer at Delta Lloyd Life says: “We selected FIS for this critical project because of the functional richness of the ALIS product, and their proven ability to implement large scale solutions quickly and cost-effectively. We have been impressed with the expertise and dedication of the FIS project team, and their understanding of our core business needs. It’s a relationship that will greatly benefit us and I consider it a long term one.”

Shay Alon, CEO of FIS Software, says: “We are proud to be selected by Delta Lloyd Life and are dedicated to the success of the project. ALIS software, combined with FIS’ insurance expertise, will help Delta Lloyd Life increase their competitive advantage in today's modern, dynamic marketplace. Entering the Belgium market is of great significance to FIS and this deal is another major step forward in the implementation of our strategy to become the leading Policy Administration solution provider supporting the complete range of international Life, Pension and Investment business lines on ALIS' consolidated software platform. We are delighted to see our focused investment in the European market yielding positive results.”

The decision to implement FIS’ ALIS system followed a critical project evaluation phase, which was geared to defining the policy administration platform replacement programme. Delta Lloyd Life has invested in the new system to achieve a number of key objectives in addition to improving efficiency, including: reducing operating costs, improving customer service and reducing the time to market for new insurance products.

The implementation project will consolidate the current multiple policy administration solutions, common applications solutions and infrastructure components. ALIS will support a broad range of product sectors including investment & savings products, risk products and mortgage protection products.

About FIS Software
FIS Software (a member of the Formula Group NASDAQ: FORTY and TASE: FORT) is dedicated to developing and delivering global packaged-based solutions that enable life and pensions companies to run their businesses more efficiently, and respond to territorial legislation and regulations. The company’s solutions are based on ALIS, a single modular software package, which manages the entire policy lifecycle of all life insurance, pensions and investment products, globally.

Founded in 1984, FIS employs over 360 insurance and IT experts across offices in the UK, France, Spain, Greece, Israel, and Australia. Its clients include AXA, Unum Provident, CNP Assurances, Scottish Widows, Swiss Life, Scottish Equitable, Bright Grey, The Pearl Group, Ethiniki, Clal and Eliahu, among others. The company also has a number of partnerships with leading systems integrators and consulting firms such as IBM.

Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based upon a number of factors including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product conditions, both here and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission.