Fundtech helps banks manage their bucks. The company's software facilitates electronic payment processing, financial communications, and cash management for financial entities. Fundtech's applications support such processes as electronic funds transfer, payment initiation, balance reporting, and account reconciliation. Fundtech's products include its PAYplus electronic payment software, CASHplus cash management application, and the web-based ClaritySuite information exchange product. Founded in 1993 Fundtech terminated its 2011
merger plans and was acquired later that year by investment firm
for about $390 million.