170 Systems' 2006 Results Feature Increased Revenues, Profitability and Blue-Chip Customer Wins

Company Continues to Define the Market for Best Practice Finance Solutions for World's Largest Organizations

Bedford, Mass., February 20, 2007 - 170 Systems, the leader in delivering proven software solutions that optimize and manage financial processes for the world's largest companies, today announced increasing momentum across all aspects of its business in fiscal year 2006. The company increased software licenses by more than 35%, grew revenues and profitability for the second consecutive year, released significant new products, signed numerous new customers and successfully deployed its solutions to customers across multiple industries.

"170 Systems is solidifying its place as the vendor of choice for large organizations seeking world-class Finance operations," said Dave Ellenberger, President and CEO of 170 Systems. "For our customers, Finance is a strategic asset that supports their overall business objectives. The 170 MarkView Financial Suite enables them to transform their finance processes so that they can better serve their internal clients, support organizational growth, and improve bottom-line contributions while extracting additional value from their ERP system investment."

In 2006, the company:

Expanded the 170 MarkView Financial Suite with new features and products, including 170 MarkView e-Invoice, that further automate financial processes;
Introduced a new, fully certified version of the 170 MarkView Financial Suite for the mySAP ERP system, making 170 MarkView solutions available to a large and previously underserved customer base, and signed its first SAP customers;
Signed multiple new customers including: Carter & Burgess, Cinram Manufacturing, Donaldson Company, Enbridge, Genworth, Hormel, Department of Environment, Farming and Rural Affairs (UK), Juvenile Diabetes Research Foundation International, Safelite, Sapient, Social Security Administration, VeriSign, a large investment management company, a leading security firm, a major food service and facilities management vendor and others.
Successfully deployed the 170 MarkView Financial Suite to numerous new customers across multiple industries to reduce their costs, strengthen internal controls, and improve service levels with both onshore and offshore shared service centers;
Expanded European operations with new offices in Paris, enabling the company to better serve its expanding European customer base;
Entered a strategic relationship with Genpact, a global provider of high-quality business and technology outsourcing services to provide 170 Systems' best-of-breed finance solutions Oracle-based Global 2000 businesses; and
Expanded its workforce to support the company's growth.

In Gartner's December 27, 2006 report, "Optimize Cash Management with Financial Value Chain Applications," John Van Decker reports, "The finance organization is continuously under pressure to reduce costs, while providing more value-added service through business processes. Add to that the increased role in enterprise compliance, and the finance organization is often stretched beyond capacity." The report goes on to recommend, "Technology must be leveraged to enable the collaboration required to get financial processes into the organization and business process where and when they are required."

About 170 Systems:
170 Systems is the proven leader in software solutions that manage and optimize financial processes for the world's largest companies. With over 40 percent of its customers in the Global 2000, 170 Systems' software embeds best practices in the end-to-end automation of financial processes, including Accounts Payable, Expense Management, Procurement, Accounts Receivable, Asset Management, General Ledger and Project Re-Billing. The result is an unmatched solution that ensures cost-effective and timely management of all transactions via a consistent process so that finance organizations can reduce operating costs, strengthen internal controls, improve service levels and maximize cash flow. 170 MarkView, the company's flagship product suite, is tightly integrated with leading ERP systems and is operational in more than 40 countries worldwide.

For more information about 170 Systems, please call 781.743.1900 (North America), +44 0208 610 6009 (other regions) or visit http://www.170systems.com.

Trademarks
170 Systems and 170 MarkView are trademarks of 170 Systems, Inc.