Solomon Software Partners with Cybersource to Deliver New e-Commerce Solution

SINGAPORE - December 12, 2000 - Solomon Software announced today its new e-commerce solution for businesses needing a fast, easy and reliable channel to perform business-to-business and business-to-consumer transactions via the Web.

Solomon Software has partnered with Cybersource Pte Ltd, a leading provider of e-commerce service in Asia, to offer its customers a platform for Internet payment services. The resulting web site delivers a gateway for online payments that is completely integrated with Solomon IV suite of e-business modules. This raises level of integration and sophistication, and enables a secure, seamless gateway for online transactions.

"The synergy between the two companies is part of Solomon's e-business strategy to give our customers the flexibility in making e-business a part of everyday business," said Laurent Dedenis, General Manager, Solomon Software (SEA) Pte Ltd.

The advantages of such an e-commerce facility are two-fold: Solomon Software provides the feature-rich functionality of its e-business solutions and Cybersource, its vast e-business networks and infrastructure, to administer and manage online payment services. The partnership represents the backbone for enabling businesses to process critical transactions and information. It provides a complete e-commerce solution for managing products, customers, inventory and orders, processing payments online.

"With more businesses buying and selling over the Internet, this initiative increases transaction efficiency by streamlining ordering, invoice processing and other key functions. This helps our clients to make it easy for their customers to buy and sell products or services online," said Laurent.

Cybersource's Websecure Payment Services not only allow e-merchants to process payments made with credit cards, debit cards and charge cards, but also to offer online payments in various currencies. This flexibility combined with a secure system based on Secure Electronic Transactions (SET) and Secure Sockets Layer (SSL) technologies, ensure payments via the Internet are safely encrypted.

"The partnership reinforces our key strategy in extending value-added features in e-commerce payment services to businesses. The integration of Solomon and Cybersource's services is an enhancement of both companies' product offerings to our customers," said Wong Jeat Shyan, Director and General Manager, Cybersource Pte Ltd.

Cybersource has also recently signed a Memorandum of Understanding with the third largest payment provider in Korea, TG Corp.com, in November this year. This alliance enables Cybersource to provide payment processing and settlement in Korean Won.

With this e-commerce offering, our clients are able to provide their customers with a payment gateway solution to buy and sell in the global marketplace. More importantly, the e-commerce solution offers our clients a reliable, secured, and cost-effective way for managing their e-business.

About Solomon Software
Solomon Software is a leading provider of business management and e-business software. Designed with an unparalleled focus on flexibility, Solomon offers small and mid-sized organizations a faster time to solution. The award-winning Solomon IV® product family includes e-business applications for financials, project accounting, distribution, service management and manufacturing. Solomon IV applications are optimized exclusively for small and mid-sized businesses leveraging Microsoft technologies and platforms. Founded in 1980, Solomon today has 20,000 customers served by more than 500 channel partners and 380 associates. Solomon's products and services are also sold and implemented by its extensive network of independent sales and support organizations. More information about Solomon Software can be found at www.solomon.com.sg

About Cybersource Pte Ltd
Headquartered in Singapore, Cybersource was founded in 1996 to provide a full range of e-commerce and wireless Internet solutions. Cybersource's Websecure Payment Service is a leading player in e-commerce payment services in Singapore and Malaysia. With 15 payment currencies offered in partnership with a wide network of banks, the company currently supports 120 merchants all over Asia. Cybersource is a subsidiary of Flextech Holdings Limited, a listed company with the Singapore Stock Exchange. More information on Cybersource can be found at www.cybersource.com.sg