Elite Named a Top L.A. Software Company; Elite Included on Los Angeles Business Journal List for Second Consecutive Year

Business Wire, Jan 29, 2001

Business Editors & High-Tech Writers

LOS ANGELES--(BUSINESS WIRE)--Jan. 29, 2001

Elite Information Group Inc. (Nasdaq:ELTE), a worldwide leader in practice and financial management systems for professional service firms, was recently ranked as one of the top 10 software companies in Los Angeles County by the Los Angeles Business Journal.

This is the second consecutive year that Elite has been included on the Business Journal's list of top software companies, which is compiled according to number of employees. In addition, Elite further improved its ranking in comparison to last year.

Elite's ability to strengthen its position within the software industry can be attributed to several factors. Aggressive growth strategies implemented over the last year have allowed Elite to maintain its leadership in the legal market, while expanding its presence in consulting and other professional services industries, broadening its base of European and Canadian businesses, and providing its industry-leading practice management solutions through "e-Connect from Elite," Elite's ASP offering.

"This year our focus was on penetrating new markets, such as accounting and consulting, while maintaining our strong position within the legal market," said Chris Poole, chairman and chief executive officer. "Thanks to this ongoing strategy, we finished the year with our best sales quarter ever. We'll also continue to offer clients the newest technology for optimal business management."

Bolstered by a history of steady growth and experienced management, Elite's success has continued with the advent of the Internet and an increasingly mobile workforce. Over time, Elite has cultivated one of the industry's most talented development staffs, and the transition to Internet-driven product development has been smooth.

The key to Elite's continued success in 2001 is a number of exciting new Web-based products that will dramatically improve information management for today's busy professionals. These include Law Manager, Ask Elite!, Elite Dashboard and Elite i-Enterprise.

About Elite Information Systems

Elite Information Group Inc. is an international provider of a comprehensive suite of financial and practice management products, including integrated time and billing, general ledger, accounts payable and matter management products, as well as related consulting services.

Elite's customers include legal and other professional services organizations of all sizes, such as accounting, consulting, public relations, financial services, actuarial, software, security, insurance, market research and systems integration firms, as well as corporations and government agencies. For more information, visit the company's Web site at http://www.eliteis.com.