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Wall Street Systems Obtains US $105 Million Secured Credit Facility From Wells Fargo Foothill

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New York, London, 10th September 2008 - Wall Street Systems (Wallstreet), the global provider of treasury, trading and settlement solutions and services, has announced it has obtained a new US$105 million secured credit facility from Wells Fargo Foothill, part of Wells Fargo & Company (NYSE:WFC). The credit facility was arranged with the participation of Golub Capital, a middle market debt provider. The funds will be used to help finance the company's growth, potential acquisitions and general corporate purposes.

In today's turbulent markets, the financing is a significant show of confidence in Wall Street Systems. Karl Jaegar, chief financial officer at Wallstreet, said: "We are delighted to have closed this transaction with Wells Fargo Foothill. To have secured debt financing in this very tight credit environment demonstrates recognition of Wallstreet's financial strength. This will help support our strategic initiatives and provide growth capital."

"We are happy to extend our relationship with Wallstreet," said Kurt Marsden, executive vice president and head of the lender's Technology Finance unit. "We have established a strong working relationship with their senior management team, and we are proud to support the ongoing development of their business through this credit facility."

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About Wallstreet

Wall Street Systems (Wallstreet) provides functionally rich, integrated and scalable solutions for improved workflow, control and overall productivity for corporate treasury, bank treasury, central banking, FX trading and global back office operations.  Wallstreet is the market leader in FX trade processing and through its award-winning products, including Wallstreet Suite, Wallstreet Treasury, Wallstreet FX and Wallstreet BackOffice, the company processes millions of transactions, aggregating to trillions of dollars, every day.

With a 20 year heritage, Wallstreet has an outstanding reputation for quality and responsive service, and prides itself on helping its clients achieve long lasting benefits and results.  Its 500 employees service over 300 banking, corporate and central bank clients, operating out of 12 offices worldwide.  The company is a privately held corporation, and is majority owned by Warburg Pincus, a global private equity investor.  For more information, please visit www.wallstreetsystems.com.  For information in Japanese, please visit http://www.wallstreetsystems.com/japan/.

About Wells Fargo Foothill

Wells Fargo Foothill is a leading provider of senior secured financing to middle-market companies across the United States and Canada, offering flexible, innovative credit facilities from $10 million to $1 billion and more.  It is part of Wells Fargo & Company, a diversified financial services company with $609 billion in assets, providing banking, insurance, investments, mortgage and consumer finance to more than 23 million customers from almost 6,000 stores and the Internet (wellsfargo.com) across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the only bank in the U.S., and one of two banks worldwide, to have the highest possible credit rating from both Moody's Investors Service, "Aaa," and Standard & Poor's Ratings Services, "AAA." For more information, visit Wells Fargo Foothill on the Internet at www.wellsfargofoothill.com.

Press contacts

Jill Pearcy
Global PR and AR Manager
jill.pearcy@wallstreetsystems.com
+44 20 3170 3000

Natalie Shamshoum
Metia
natalie.shamshoum@metia.com
+44 20 3100 3655 

 



 
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