Wednesday February 21, 8:34 am Eastern Time

Crystal's C-DISCOVERY Selected to Support Merrill Lynch's OS/390 Operation

HERZLIA, Israel--(BUSINESS WIRE)--Feb. 21, 2001---Crystal Systems Solutions (Nasdaq:CRYS - news) announced that Merrill Lynch has selected C-DISCOVERY to manage its complex OS/390 operation.

C-DISCOVERY is mapping and analyzing key meta-data about software components and their interrelationships. Integrated with Merrill Lynch's own tools and Intranet infrastructure, C-DISCOVERY enables a dynamic facility that is currently used by Merrill Lynch to manage its data operations.

"Through Crystal's technology we have converted the raw data inherent in our software inventory and turned it into strategic information key to our operations", said Howard Goldberg, VP of Global Data Management at Merrill Lynch. "We are continually finding new applications for this meta-data. Crystal's professional service has been very supportive, with adjustments made to their product to reflect our unique needs and suggestions from our technical staff."

"The decision of Merrill Lynch to choose C-DISCOVERY to manage their complex data operations is exciting," says Dory Breiman, Crystal's Vice President for Technology. "With the capabilities of C-DISCOVERY coupled with those of Merrill Lynch's own systems, and the insightful and creative use by the Merrill Lynch Global Data Management Group, a powerful information source has been created. This project has resulted in a facility at Merrill Lynch in the forefront of data management tools."

About C-DISCOVERY
Crystal's C-DISCOVERY provides comprehensive, updated, detailed information about OS/390 (MVS) system software components, including the interrelationships between them and the interfaces between applications. These components include programs, files, databases, procedures, utilities, and the other software entities that make up a computer environment.

About Crystal Systems Solutions
Crystal Systems Solutions Ltd.

develops and markets software tools and provides end-to-end transformation projects for e-Business enabling of legacy systems, cross-platform migration, and consolidation of information systems. Crystal provides comprehensive enterprise products spanning mainframe, midrange, and client/server computing platforms. Crystal has enhanced its expertise through the successful completion of projects for Fortune 1000 prestigious organizations, establishing solid credibility, and achieving global recognition and presence. Crystal is totally committed to supporting its customers, both directly and via its partners, offering end-to-end solutions through consultancy, assistance, and service in conjunction with its wide variety of proprietary software tools. For more information, please visit our web site at: http://www.crystal-sys.com.

Crystal Systems Solutions is a member of the Formula Group (Nasdaq:FORTY - news). The Formula Group is an international information technology company principally engaged, through its subsidiaries and affiliates, in providing software consulting services developing proprietary software products, and providing computer-based solutions.

Certain statements contained in this release may be deemed forward-looking statements, with respect to plans, projections, or future performance of the Company, the occurrence of which involves certain risks and uncertainties that could cause actual plans to differ materially from these statements. These risks and uncertainties include but are not limited to: market demand for the Company's tools, successful implementation of the Company's tools, competitive factors, the ability to manage the Company's growth, the ability to recruit and retrain additional software personnel, and the ability to develop new business lines. All names and trademarks are their owners' property.

Contact:
Iris Yahal
Crystal System Solutions
972-9-952-6110