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Exhibit 10.2

                              EMPLOYMENT AGREEMENT

Employment Agreement (Agreement) made and entered into as of January 16, 2001 by
and between Roy King (the Employee), and Mercator Software Inc. (Mercator), a
Delaware corporation having its principal place of business at 45 Danbury Road,
Wilton, Connecticut 06897.

WHEREAS, Mercator wishes to engage the Employee and the Employee wishes to be
engaged under the terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the mutual covenants herein contained, the
parties hereto agree as follows:

1.    Employment and Term

      1.1 Mercator hereby employs the Employee as Chief Executive Officer for a
      term of employment as defined in paragraph 1.2 hereof. The Employee shall,
      consistent with the bylaws of Mercator and as required by the Board of
      Directors of Mercator (the "Board"), be responsible for and perform all
      lawful services, acts or things necessary or advisable which are normally
      associated with the positions of President and Chief Executive Officer,
      including managing the operations of the Company but excluding those
      duties performed by the Chairman of the Board. In this position the
      Employee is subject to the direction and supervision of the Board and
      shall report directly to the Board. In addition, Mercator shall cause the
      Employee to serve as a member of the Board. Mercator currently intends to
      elect Employee as its Chairman of the Board at sometime in the future and
      based upon the Employee's performance.

      1.2 The Employee's employment hereunder shall commence on the date hereof
      and shall continue in effect through the fifth anniversary of the date
      hereof. Notwithstanding the foregoing, sentence of this paragraph 1.2 the
      term of this Agreement shall expire upon any termination of the Employee's
      employment pursuant to paragraph 6 hereof.

      1.3 The Employee shall have such powers and duties as may from time to
      time be prescribed by the Board, provided that such duties are consistent
      with the Employee's position as President and Chief Executive Officer. The
      Employee shall devote substantially all of his working time and efforts to
      the business and affairs of Mercator. Notwithstanding the foregoing,
      nothing shall preclude the Employee from serving on the boards of
      directors of a reasonable number of other corporations or the boards of a
      reasonable number of trade associations which are not competitive with
      Mercator, or managing his personal investments and affairs, provided that
      none of the foregoing activities interfere with the


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      proper performance of his duties and responsibilities as Mercator
      President and Chief Executive Officer.

      1.4 The Employee's principal place of performing services hereunder during
      his employment term with Mercator shall be in Wilton, Connecticut.

2.    Compensation.

      2.1 Mercator agrees to pay the Employee a salary at the annualized rate of
      Three Hundred and Seventy-Five Thousand Dollars ($375,000.00) ("Base
      Salary") payable in accordance with Mercator's standard payroll practices.
      Such salary shall be reviewed at least annually by the Board and shall be
      subject to increase, but not decrease, during the term of this Agreement.

      2.2 The Employee shall be eligible to receive an operational bonus equal
      to One Hundred (100%) percent of the Employee's Base Salary for each
      calendar year during the Employee's term of employment. The Employee's
      actual bonus in this category, if any, for any year may be less than One
      Hundred (100%) percent of the Employee's Base Salary and such actual
      operational bonus shall be determined based upon criteria established by
      the Compensation Committee of the Board, with input from the Employee, at
      the beginning of each year. The operational bonus criteria for the first
      year of employment shall be as set by the Chairman of the Board in January
      2001 and related to the achievement of certain profit and revenue targets.
      Such operational bonus shall be payable no later than the first date that
      any other senior-level employees are paid their bonus.

2.3   The Employee shall be eligible to receive a strategic bonus equal to One
      Hundred (100%) percent of the Employee's Base Salary for each calendar
      year during the Employee's term of employment. The Employee's actual bonus
      in this category, if any, for any year may less than One Hundred (100%)
      percent of the Employee's Base Salary and such actual strategic bonus
      shall be determined based upon criteria established by the Compensation
      Committee of the Board, with input from the Employee, at the beginning of
      each year. The strategic bonus criteria for the first year of employment
      shall be as set by the Chairman of the Board in January 2001 and related
      to the achievement of certain strategic initiatives. In addition, it is a
      condition to payment of any strategic bonus that Employee have achieved
      the minimum performance under the operational bonus. Such strategic bonus
      shall be payable no later than the first date that any other senior-level
      employees are paid their bonus.

3.    Benefits and Expenses.

      3.1 The Employee shall be entitled to participate in all benefit plans,
      programs and arrangements of Mercator on same basis, subject to the same
      qualifications as other Mercator employees and pursuant to Mercator's then
      prevailing policies, including,


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      without limitation, any group medical, hospitalization, 401K plan or other
      fringe benefit plans in effect with respect to employees and executives of
      Mercator in general, but not including any group profit sharing or other
      profit-based incentive program.

      3.2 The Employee shall be entitled to the same number of paid holidays per
      year as set forth by Mercator for its employees in general plus twenty
      five (25) paid vacation days to be scheduled by the mutual agreement of
      the parties.

      3.3 Upon presentation of proper documentation and receipts, Mercator will
      promptly reimburse the Employee for expenses he reasonably incurs in
      connection with the performance of his duties (including business travel
      and entertainment expenses). In addition, Mercator shall reimburse the
      Employee for all legal fees and expenses incurred by the Employee in
      connection with the preparation, negotiation and documentation of his
      employment arrangements with Mercator upon submission of documentation
      evidencing such expense up to a maximum of Ten Thousand Dollars ($10,000).

4.    Stock Options.

      4.1 Executive shall receive options for the purchase of One Million
      (1,000,000) shares of the common stock of Mercator pursuant to the 1997
      Equity Incentive Plan as follows: (a) two hundred and fifty thousand
      (250,000) of such options with an exercise price at the closing price for
      Mercator stock on the effective date of this Agreement, and (b) if the
      shareholders of Mercator at the 2001 Annual Meeting authorize an increase
      in the maximum number of shares available under the Plan and the maximum
      number of options available to any individual under the Plan to permit
      such a grant, seven hundred and fifty thousand (750,000) of such options
      with an exercise price at the closing price for Mercator stock on the day
      after such Annual Meeting. The options shall vest as follows: Two hundred
      fifty thousand (250,000) on the effective date of this Agreement and Two
      hundred fifty thousand (250,000) on January 2, 2002 and Sixty-two thousand
      and five hundred (62,500) for each of next eight (8) quarters on the
      following dates: March 31, 2002, June 30, 2002, September 30, 2002,
      December 31, 2002, March 31, 2003, June 30, 2003, September 30, 2003,
      January 16, 2004. Mercator shall to the extent permissible under the law
      grant the maximum number of shares eligible for Incentive Stock Option
      treatment under the Internal Revenue Code.

      4.2 During each year of Employee's term of employment, the Employee shall
      be eligible for a grant of Mercator stock options. Such grants shall be at
      a level, and on terms and conditions that are commensurate with his
      position and responsibilities with Mercator and appropriate in light of
      corresponding grants to other senior-level employees of Mercator.


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5.    Employee Guidelines and Confidentiality.

      5.1 The Employee shall at all times be bound by and adhere to the
      Conditions of Employment attached hereto as Appendix A and incorporated
      herein by reference, including as such Conditions of Employment may be
      changed by Mercator from time to time, following communication of any such
      changes to the Employee in writing.

5.2   At all times, both during the Employee's employment with Mercator and
      after his termination, the Employee shall keep in confidence and trust all
      proprietary and confidential materials and information of Mercator and of
      Mercator's clients, including valuable trade secrets ("Confidential
      Information"). The Employee will not use or disclose any such Confidential
      Information or anything relating to it without the written consent of
      Mercator, except in the ordinary course of performing his duties as an
      employee of Mercator, if the Employee is requested or required (orally or
      in writing) to do so by court order, subpoena, administrative order,
      proceeding, civil investigatory demand, interrogatory or any similar legal
      process, provided that the Employee gives ten (10) days notice (or such
      shorter time as required by such process) of any such request or
      requirements to Mercator prior to disclosing the Confidential Information
      in order to allow Mercator to protect the Confidential Information.

6.    Termination

      6.1 (a) Notice of Termination. Any purported termination of Employee's
      employment by Mercator or by the Employee shall be communicated by written
      "Notice of Termination" to the other party hereto. For purposes of this
      Agreement, a Notice of Termination means a notice which shall indicate the
      specific termination provision in this Agreement relied upon and shall set
      forth in reasonable detail the facts and circumstances claimed to provide
      a basis for termination of the Employee's employment under the provisions
      so indicated; notwithstanding the foregoing, if Mercator terminates the
      Employee's employment other than for Cause (as hereinafter defined) or if
      the Employee terminates his employment without Good Reason (as hereinafter
      defined), Mercator or the Employee, as the case may be, shall not be
      required to state the reasons for such termination in the Notice of
      Termination.

            (b) Date of Termination. "Date of Termination" means the date
      specified in the Notice of Termination but no less than ten (10) days
      after the date of the Notice of Termination if given by Mercator and no
      less than thirty (30) days after the date of the Notice of Termination if
      given by the Employee.

      6.2 (a) The Employee's employment under this Agreement shall terminate
      upon the death of the Employee, without further act of Mercator. In
      addition, either party may terminate the Employee's employment under this
      Agreement as a result of the Employee's Disability, upon at least fifteen
      (15) days prior written notice to the other party. For


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      purposes hereof, "Disability" shall mean that the Employee, by reason of
      physical or mental disability (excluding infrequent and temporary absences
      due to ordinary transitory illness) shall be unable to perform the
      services required of him hereunder for more than three (3) consecutive
      months or for an aggregate of six (6) months during any twelve (12) month
      period. Disability shall be determined by a licensed physician selected by
      Mercator and reasonably acceptable to the Employee.

            (b) Upon any termination of the Employee's employment hereunder as a
      result of the Employee's death or Disability, and if the Employee
      continues to be in compliance with the terms of this Agreement including
      but not limited to paragraphs 5, 6.8 and 7 hereof the Employee shall be
      entitled to receive (i) his Base Salary and the monetary equivalent of any
      accrued but unused vacation days through the Date of Termination, (ii) a
      bonus amount equal to his operational bonus for the year of termination,
      pro rated through the Date of Termination, payable within forty-five (45)
      days after the Date of Termination, and (iii) any additional amounts due
      to him hereunder or under any benefit plan, program or arrangement of
      Mercator. In addition, upon any such termination, those options already
      vested shall remain vested and exercisable for the remainder of their
      originally stated term up to the maximum extension permitted by the Plan,
      depending upon the original grant term and any options to become vested
      within one year of the Date of Termination shall vest and, remain vested
      and exercisable for the remainder of their originally stated terms up to
      the maximum extension permitted by the Plan. If, however, at the time of
      the Employee's death, the Employee is receiving severance compensation per
      the terms of this Agreement, unpaid severance will be paid to the
      Employee's estate in a lump sum.

      6.3 Mercator shall have the right to terminate the Employee's employment
      under this Agreement for Cause upon prior Notice of Termination to the
      Employee. Cause means: (i) the Employee is convicted of a felony (ii) the
      Employee's willful neglect of his material obligations and duties
      hereunder, which neglect the Employee shall fail to remedy within ten (10)
      days after written demand from Mercator, or (iii) the Employee willfully
      engages in conduct demonstrably and materially injurious to Mercator,
      momentarily or otherwise, and fails to remedy such conduct within ten (10)
      days after receipt of Notice thereof from Mercator. For the purpose of
      this clause, no act, or failure to act, on the part of the Employee shall
      be deemed willful unless done, or omitted to be done, by the Employee not
      in good faith and without reasonable belief that his action or omission
      was in, or not opposed to, the best interests of Mercator. Upon any
      termination of the Employee's employment hereunder by Mercator for Cause,
      the Employee shall be entitled to receive (i) his Base Salary and the
      monetary equivalent of any accrued but unused vacation days through the
      Date of Termination, and (ii) any additional amounts due to him hereunder
      or under any benefit plans, program or arrangement of Mercator. Upon any
      such termination, any options granted hereunder shall immediately expire.

      6.4 Mercator shall have the right to terminate the Employee's employment
      under this Agreement, without Cause, at the discretion of the Board of
      Directors by Notice of


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      Termination. If such termination occurs, and if the Employee continues to
      be in compliance with the terms of this Agreement including but not
      limited to paragraphs 5, 6.8 and 7 hereof, Mercator shall pay or provide
      the Employee (i) unpaid salary and the monetary equivalent of any accrued
      but unused vacation days through the Date of Termination, (ii) from the
      Date of Termination severance compensation of eighteen (18) months of Base
      Salary at the rate then in effect payable in accordance with Mercator's
      standard payroll practices, (iii) a bonus amount equal to his operational
      bonus referred to in paragraph 2.2, for the year of termination, pro rated
      through the Date of Termination, payable within forty five (45) days after
      the Date of Termination; (iv) a bonus equal to One Hundred and Fifty
      (150%) percent of his annual operational bonus, referred to in paragraph
      2.2, payable during the eighteen (18) month period referred to in
      paragraph 6.4(ii) at the same time as the severance compensation paid in
      paragraph 6.4 (ii); (v) eighteen (18) months of continuance of the
      eligible benefits set forth in paragraph 3.1 and (vi) any additional
      amounts due hereunder or under any benefit plan, program or arrangement of
      Mercator. Upon any such termination those options already vested shall
      remain vested and exercisable for the remainder of their originally stated
      term up to the maximum extension permitted by the Plan, depending upon the
      original grant term, and any options to become vested within eighteen (18)
      months of the Date of Termination shall vest and remain vested and
      exercisable for the remainder of their originally stated terms up to the
      maximum extension permitted by the Plan.

      6.5 The Employee shall have the right to terminate the Employee's
      employment under this Agreement by Notice of Termination for Good Reason.
      "Good Reason" means, without the Employee's written consent, the
      occurrence of any of the following: (i) a significant diminution of, or
      the assignment of the Employee of any duties inconsistent with, the
      Employee's title, status, duties or responsibilities specified in
      paragraphs 1.1 and 1.3 hereof including but not limited to a change in his
      reporting relationship whereby he no longer reports solely to the Board;
      (ii) a reduction by Mercator in the Employee's annual Base Salary as in
      effect on the date hereof or as the same may be increased from time to
      time or the Employee's target bonus as a percentage of Base Salary; (iii)
      the failure by Mercator to provide or continue in effect (a) any benefit
      specified in paragraphs 3 and 4 above or (b) any compensation plan or
      other fringe benefit provided by Mercator in which the Employee is then
      participating which by itself or in the aggregate is material to the
      Employee's total compensation unless there shall have been instituted a
      replacement or substitute plan or fringe benefit providing comparable
      value; (iv) the relocation of the Employee's office at Mercator more than
      fifty (50) miles from Wilton, CT; or (v) the failure of Mercator to obtain
      the written assumption of this Agreement by any successor to all or
      substantially all of its assets or business within thirty (30) days after
      a merger, consolidation, sale or a Change of Control as defined in
      paragraph 6.11 below.

      6.6 The Employee may terminate his employment under this Agreement at any
      time, without Good Reason, by sending a Notice of Termination in
      accordance with paragraph 6.1. Upon any such termination, the Employee
      shall be entitled to the same payments and


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      benefits specified in paragraph 6.3; provided, however, that any options
      granted to the Employee which have vested prior the to Termination Date
      shall remain exercisable until three month's from the Date of Termination
      in accordance with the terms of the grant. A termination under this
      paragraph 6.6 shall not be deemed a breach of this Agreement.

      6.7 Within one year following a "Change of Control" of Mercator (as
      defined below), the Employee may elect to terminate his employment upon
      thirty (30) days written notice to the Board. In the event that the
      Employee shall elect to terminate his employment pursuant to this
      paragraph, upon any such termination the Employee shall be entitled to the
      same payments and benefits (including, without limitation, vesting of
      options) as specified in paragraph 6.4 except that in paragraph 6.4, each
      time period specified as eighteen (18) months shall be three (3) years.
      Upon a "Change of Control" of Mercator (as defined below) notwithstanding
      any provision in any option agreement or Plan to the contrary, in the past
      or in the future, Fifty (50%) percent of the Employee's outstanding
      unvested stock options will vest and become immediately exercisable.

      6.8 Upon Notice of Termination of this Agreement, irrespective of the
      reason therefore, the Employee shall promptly turn over to Mercator all
      proprietary and confidential materials of the kind referred to in Section
      5 and all tangible forms of the Employee's work product (including work
      files) without retaining any copies or duplicates thereof, except as to
      which Mercator may in writing give permission or except to the extent the
      Employee requires in good faith documentation to defend himself against a
      purported termination by virtue of paragraph 6.3.

      6.9 In the event of any termination for the Employee's employment with
      Mercator under the Agreement, the Employee shall be under no obligation to
      seek other employment or otherwise mitigate the obligations of Mercator,
      and, there shall be no offset against amounts due to the Employee under
      this Agreement on account of any remuneration or other benefit earned or
      received by the Employee attributable to any subsequent employment that he
      may obtain.

      6.10 Any amounts due under this Section 6 are considered to be reasonable
      by Mercator and are not in the nature of a penalty.

      6.11 For purposes of this Agreement, a "Change of Control" shall be deemed
      to have occurred if (a) any "person", (as such term is used in Sections
      13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the
      Exchange Act), other than a trustee or other fiduciary holding securities
      under an employee benefit plan of Mercator, or a corporation owned,
      directly or indirectly by the stockholders of Mercator in substantially
      the same proportions, becomes after the date hereof the beneficial owner
      (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly,
      of securities of Mercator representing Fifty (50%) percent or more of the
      combined voting power of Mercator's then outstanding securities; (b) the
      composition of the Board changes such that, during the


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      employment period, individuals who at the beginning of such period
      constitute the Board and any new director whose election by the Board or
      nomination for election by Mercator's stockholders was approved by a vote
      of at least three-fourths (3/4) of the directors then still in office who
      either were directors at the beginning of the period or whose election or
      nomination for election was previously so approved, cease for any reason
      to constitute a majority thereof; (c) substantially all the assets of
      Mercator are disposed of by Mercator pursuant to a merger, consolidation,
      partial or complete liquidation, a sale of assets (including stock of a
      subsidiary) or otherwise, but not including a reincorporation or similar
      transaction resulting in a change only in the form of ownership of such
      assets, or (d) Mercator combines with another Company and is the surviving
      corporation but, immediately after the combination, the shareholders of
      Mercator immediately prior to the combination hold, directly or
      indirectly, Fifty (50%) percent or less of the voting stock of the
      combined company.

7.    Restrictive Covenants.

      7.1 The Employee agrees that during the term of this Agreement and for a
      period of eighteen (18) months following the Date of Termination of this
      Agreement, unless terminated pursuant to paragraph 6.7 in which case for a
      period of three (3) years following the Date of Termination, he will not,
      directly or indirectly, own, operate, manage, join, control, or
      participate in the ownership, management, operation or control of or be
      connected with as a partner, stockholder, director, officer, agent,
      employee, or consultant, any business, firm, or corporation in any
      capacity that involves the development, production or sale of any product
      that is directly competitive with Mercator in the territories Mercator
      serves; except that nothing in this Section 7.1 shall bar the acquisition
      of any publicly traded securities which do not confer upon the Employee
      the right to control or influence the policy of the issuer.

      7.2 The Employee further agrees that for a period of one (1) year
      following the termination of this Agreement, he will not, without the
      prior written consent of Mercator, (a) solicit for employment any of the
      staff of Mercator or of Mercator's customers, or (b) solicit the business
      of Mercator's customers for products that are directly competitive to
      Mercator products.

      7.3 In the event a court of competent jurisdiction finds any part of this
      Article 7 unenforceable, the parties agree that such finding shall not
      effect or render invalid or unenforceable any other provision of this
      Article. The parties further agree to execute any amendments necessary to
      accomplish the intent of this Article to the fullest extent possible under
      the law.

8.    Remedies.The parties hereto recognize that, in the event of any breach by
      the Employee of the provisions of Paragraphs 5.2 or 7 hereof, damages may
      be difficult, if not impossible, to ascertain and it is therefore agreed
      that Mercator, in addition to and without limiting any


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      other remedy it might have under this Agreement, or at law or in equity,
      shall be entitled to an injunction against the Employee issued by any
      court of competent jurisdiction enjoining any such breach.

9.    Representation and Warranty. The Employee represents and warrants that he
      is not now or on the date of commencement of this Agreement, a party to
      any agreement, contract or understanding, whether of employment or
      otherwise, which would in any way restrict or prohibit him from
      undertaking or performing employment in accordance with the terms and
      conditions of this Agreement.

10.   Indemnification. (a) Mercator agrees that (i) if the Employee is made a
      party, or is threatened to be made a party, to any threatened or actual
      action, suit or proceeding, whether civil, criminal, administrative,
      investigative, appellate or otherwise (a "Proceeding") by reason of the
      fact that he is or was a director, officer or employee of Mercator or is
      or was serving at the request of Mercator as a director, officer, member,
      employee or agent of another corporation, partnership, joint venture,
      trust or other enterprise, including service with respect to employee
      benefit plans, whether or not the basis of such Proceeding is the
      Employee's alleged action in an official capacity while serving as a
      director, officer, member, employee or agent, the Employee shall promptly
      be indemnified and held harmless by Mercator to the fullest extent legally
      permitted or authorized by Mercator's certificate of incorporation or
      bylaws or, if greater, by the laws of the State of Delaware against any
      and all costs, expenses, liabilities and losses (including, without
      limitation, attorneys fees, judgments, interest, expenses of
      investigation, penalties, fines, ERISA, excise taxes or penalties, amounts
      paid or to be paid in settlement) reasonably incurred or suffered by the
      Employee in connection therewith. Such indemnification shall continue as
      to the Employee even if he has ceased to be a director, member, trustee,
      fiduciary, partner, employee, agent, manager, consultant or representative
      of Mercator or, at Mercator's request, of another person or entity and
      shall inure to the benefit of the Employee's heirs, executors and
      administrators. Mercator shall advance to the Employee all costs and
      expenses incurred by the Employee in connection with any such Proceeding
      within fifteen (15) days after receiving written notice requesting such an
      advance. Such notice shall include, to the extent required by applicable
      law, an undertaking by the Employee to repay the amount advanced if he is
      ultimately determined not to be entitled to indemnification against such
      costs and expenses.

      (b) Neither the failure of Mercator (including its board of directors,
      independent legal counsel or stockholders) to have made a determination
      prior to the commencement of any proceeding concerning payment of amounts
      claimed by the Employee under paragraph 10(a) that indemnification of the
      Employee is proper because he has met the applicable standard of conduct,
      nor a determination by Mercator (including its board of directors,
      independent legal counsel or stockholders) that the Employee has not met
      such applicable standard of conduct, shall create a presumption that the
      Employee has not met the applicable standard of conduct.


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      (c) Mercator agrees to continue and maintain a directors' and officers'
      liability insurance policy covering the Employee to the extent Mercator
      provides such coverage for its other executive officers, and to no
      significantly lesser extent than in effect on the date hereof.

11.   Miscellaneous.

      11.1 Should any provision or part of this Agreement be declared void or
      unenforceable by any court or administrative body of competent
      jurisdiction, such provisions or part shall be deemed severable and,
      without further action by the parties to this Agreement, shall be severed
      from the remainder of this Agreement which shall constitute in all
      respects valid and enforceable.

      11.2 Any notices or communications hereunder shall be in writing and shall
      be personally delivered or sent by registered or certified mail to the
      addresses specified on the last page hereof or, after proper notice, to
      such addresses as the parties may specify.

      11.3 This Agreement shall be binding upon and inure to the benefit of
      Mercator, its successors or assigns, or any corporation which acquires all
      or substantially all of its assets. This Agreement is personal as to the
      Employee and shall not be assignable by the Employee.

      11.4 This Agreement constitutes the entire understanding of the parties
      hereto with respect to the Employee's employment and his compensation
      therefore and supersedes any prior Agreement and understandings between
      the parties concerning employment or compensation.

      11.5 Except as otherwise set forth in this Agreement, the respective
      rights and obligations of the parties hereunder shall survive any
      termination of the Employee's employment hereunder.

      11.6 This Agreement shall be governed by and construed under the laws of
      the State of Connecticut.

      11.7 The captions appearing in this Agreement appear as a matter of
      convenience only and in no way define or limit the scope and intent of any
      of the provisions hereof.

      11.8 No provision in this Agreement may be amended unless such amendment
      is set forth in a writing signed by the parties. No waiver by either party
      of any breach of any condition or provision contained in this Agreement
      shall be deemed a waiver of any


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      similar or dissimilar condition or provision at the same or any prior or
      subsequent time. To be effective, any waiver must be set forth in a
      writing signed by the waiving party.

      11.9 This Agreement may be executed in two or more counterparts, each of
      which shall be deemed an original, but all of which, when taken together,
      shall constitute one and the same instrument.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first set forth above.

                                                The Employee:
Mercator Software Inc.                          Roy King
45 Danbury Road                                 19 Ridge Lane
Wilton, CT 06897                                Wilton, CT 06897

By /s/James P. Schadt                           /s/ Roy King
   --------------------------                   --------------------------
Title: Chairman of the Board


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