Mobius and Alogent Form Strategic Check 21 Partnership.

Software Companies Join Forces for Image Archiving and Inter-Bank Image Exchange Solutions

Mobius Management Systems, Inc. , the leading provider of software for total content management (TCM), and Alogent Corp., a provider of payment transaction processing solutions for global financial institutions, remittance and payment processors, today announced a partnership to provide seamless integration and interoperability of Alogent's Sierra(R) Xchange(TM), Unified Payments Gateway(TM) product with Mobius's ViewDirect(R) TCM repository.

To prepare for check truncation and image exchange enabled by The Check 21 Act, financial institutions must be capable not only of converting checks to images but also of managing the resulting images and data across the enterprise. Check 21 facilitates the capture, validation, and processing of check images at an array of points of presentment including branches, ATMs, merchant locations, and distribution to multiple endpoints including internal and external archives, other banks, image replacement document (IRD) creation, and image exchange networks. A key imperative is the tight integration of image workflows with an archival system that allows efficient image storage and retrieval of both images and data associated with transactions.

"Our customers are working aggressively to prepare for the post-Check 21 environment," said Joseph Tinnerello, senior vice president of sales and marketing at Mobius. "They have implemented our ViewDirect TCM archive as the foundation for taking full advantage of check truncation. Our partnership with Alogent and ViewDirect TCM integration with Sierra Xchange will give them additional leverage in making the transition from paper to electronic processing."

Alogent's Sierra Xchange is the payments gateway and integration technology to Mobius's total content management solution and image archive. Sierra Xchange collects, examines, corrects, balances, and distributes paper, data, and image transactions from all points of origination, to ensure transaction integrity, reduce cost, improve quality, and maximize efficiency and profit. It is a virtual check processing engine that provides image workflows from the moment a check enters the processing stream, to its distribution to endpoints based on cost, profit, and float criteria.

Mobius's highly scalable ViewDirect TCM repository serves as the foundation for enabling software that meets a broad range of content-intensive e-business and application requirements. Capabilities include content integration; Web site, document and digital asset management, workflow and imaging, e-presentment and payment, enterprise report distribution, check image archiving and more.

In the context of Check 21, the ViewDirect TCM repository is used for storage and retrieval of check images and data. These images can be used to print IRDs and other forms of inter-bank exchange. Beyond its role in check truncation, the ViewDirect TCM archive provides high-speed, multi-index access to checks and other business documents for customer service, customer self-service, duplicate detection, fraud prevention, trend analysis and more. ViewDirect TCM integrates check images with information from other sources-statements, signature cards, reports, correspondence and more-to provide a 360-degree view of the customer.

"There is significant synergy in a partnership between these two companies," stated Robert Coyan, director of business development at Alogent. "Alogent brings point of presentment and image workflow expertise, while Mobius brings best in class archiving and content management capability and experience. The marriage offers a unique solution that offers significant value to customers who are addressing an end-to-end payment processing challenge."

According to Paul Abbott, director of check image solutions at Mobius, "Check 21 responds to the critical need for greater efficiency in U.S. payments systems. Image archive technology is at the heart of this new process. It is this technology that will allow banks to take advantage of check truncation and to realize the benefits. Software such as Alogent's Sierra Xchange, in conjunction with the ViewDirect TCM archive, can go a long way to address these issues and provide a solution for straight through processing."

About Mobius

Mobius Management Systems, Inc. ( http://www.mobius.com/ ) is the leading provider of integrated solutions for total content management (TCM). The company's ViewDirect(R) TCM suite integrates content from multiple, disparate repositories and delivers it via content-intensive applications including Web site, digital asset and document management; workflow and imaging; Internet presentment and payment; records management; and enterprise report distribution. The Mobius customer base comprises nearly 1,400 leading companies worldwide across all industries, including more than sixty percent of the Fortune 100. The company, founded in 1981, is headquartered in Rye, New York, with sales offices in the U.S., Canada, the United Kingdom, France, Germany, Italy, Sweden, Belgium, the Netherlands, Switzerland, Australia, Japan and Singapore.

About Alogent

Alogent is a financial services technology company with proven global success in providing payment processing solutions that enable banks, billers and outsource processors to reduce costs, accelerate timelines and improve quality in check and item processing. Alogent's suite of Sierra solutions help banks adapt to Check 21, check truncation and paper-to-electronic transformation. They include solutions for deposit automation, image based centralized item processing, image exchange and the unique Straight Through Check Processing(TM). Alogent products process over a billion transactions a year in the U.S., and the company provides the platform that processes 74 percent of all checks written in the UK. Alogent's solutions are being deployed to the largest deposit automation implementations in the world. Alogent brings proven credibility and leadership to help global customers address mission-critical challenges. For more information about Alogent's solutions, visit http://www.alogent.com/ .

Statements contained in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties. In particular, any statements contained herein regarding expectations with respect to future sales and profitability, as well as product development and/or introductions, are subject to known and unknown risks, uncertainties, and contingencies, many of which are beyond the company's control, which may cause actual results, performance, or achievements to differ materially from those projected or implied in such forward-looking statements. Important factors that might affect actual results, performance, or achievements include, among other things, market acceptance of Mobius's products, fluctuations in period to period results, seasonality, uncertainty of future operating results, technological change, extended payment risk, product concentration, competition, international sales and operations, expansion of indirect channels, increased investment in professional services, protection of intellectual property, dependence on licensed technology, risk of product defects, product liability, management of growth, dependence on executive management, other key employees and subcontractors and concerns about transaction security on the Internet. These risks and uncertainties are described in detail from time to time in Mobius's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, filed on September 9, 2003, and its Quarterly Reports on Form 10-Q, filed on November 13, 2003 and February 13, 2004. Mobius accepts no obligation to update these forward-looking statements and does not intend to do so.

ViewDirect is a registered trademark of Mobius Management Systems, Inc. All other trademarks are property of their respective owners.

CONTACT: Andrew McCaskill of Alogent, +1-678-781-7206, Andrew@williammills.com ; Renee Hewitt, PR Manager of Mobius Management Systems, Inc., +1-914-921-7356, rhewitt@mobius.com ; Erika Hoeft, Media Relations of Ruder-Finn, +1-312-329-3913, hoefte@ruderfinn.com

Web Site: http://www.mobius.com/ http://www.alogent.com/