Planview Acquires Business Engine

Planview acquisition strengthens the company's position as the largest independent provider of IT Portfolio Management solutions and opens new opportunities in the federal government and product development markets

AUSTIN, Texas — February 13th, 2007 — Planview, the leading provider of comprehensive portfolio management solutions, today announced that it has acquired substantially all of the assets of San Francisco-based, Business Engine. Business Engine's 20-year history and focus in IT portfolio management further strengthens Planview as the clear independent market leader in the IT portfolio management market. In addition, Business Engine's market leading position in Earned Value Management expands the company's presence within the growing performance management market for federal government agencies and government contractors. Financial terms of the acquisition were not disclosed.

"Portfolio management has become a proven discipline within the world's leading organizations. This transaction creates a strong, customer-focused, and independent solutions provider solely committed to using portfolio management methods to manage organizational performance," said Pat Durbin, founder and CEO of Planview. "This partnership is a natural integration of two companies that share many common characteristics — a focus on creating value for our customers, a remarkably aligned product vision, strength in financial services, and most importantly, a cultural fit that offers our customers seamless, world-class service."

Planview has pioneered and advanced the portfolio management discipline. With the addition of the Business Engine Network product family, Planview strengthens its market leadership in IT Portfolio Management and deepens its capabilities in the Earned Value Management and Product Portfolio Management markets.

Durbin adds, "In recent years, Earned Value Management has seen an increased level of interest, both with federal contractors and within federal agencies. The addition of Business Engine's market leading earned value product line enables Planview to better serve these customers by adding an earned value offering to our current market leading portfolio management solution. In addition, the strategic partnership that Business Engine brings with the UGS Corporation's Teamcenter® product suites makes us a leading supplier of product portfolio solutions."

Planview will continue to support the Business Engine Network™ (BEN™), Micro-Frame Program Manager™ (MPM), Alignment Engine, and other Business Engine products. Business Engine customers will benefit from the Planview customer-driven product development approach, award-winning customer service, and a deep-rooted commitment to innovation in the portfolio management discipline. Additionally, the new organization will be better suited to scale to meet the needs of large, global enterprise customers seeking better performance management solutions.

"The market for Performance Management in business and IT and across public and private sectors continues to increase at a rapid pace", said Mark Smith, CEO & EVP Research — Ventana Research, "The acquisition of Business Engine provides further depth and breath to Planview in financial modeling, analytics and earned value."

"Both Business Engine and Planview share a passion for helping customers achieve breakthrough business performance," said Mark Strauch, CEO of Business Engine. "This combination is a big win for Business Engine customers, by providing the scale, the innovation, the customer commitment, and ultimately the integration of Business Engine technology into the industry's leading IT portfolio management platform."

About Planview

Since 1989, Planview has been a market leader and trusted partner in providing comprehensive portfolio management solutions. Planview Enterprise™, the company's leading performance management platform, combines project and portfolio management software with adaptive best practices, Planview PRISMS™, to provide unprecedented visibility into total IT spend. By integrating the business process management of strategies, services, and projects within a single, Web-based solution, Planview empowers organizations to achieve greater levels of control over their ever-changing environment by dynamically managing money, resources, and capacities. Industry leaders such as Citigroup, Reuters, EDF and the US Department of Transportation, partner with Planview to achieve their strategic business goals. Headquartered in Austin Texas, with offices across the U.S., Europe and Asia-Pacific, Planview supports more than 450 customers in virtually every industry. Planview is privately held and has been profitable for over a decade.

For more information visit www.Planview.com

Planview Enterprise is a trademark of Planview, Inc. All other product and company names may or may not be trademarks or registered trademarks of their respective owners.