Business 2.0 Includes Project Management Software from Primavera Systems In 'The Essential Business Software Tool Kit'

Business Wire, Feb 12, 2003

Business Editors/High-Tech Writers

PHILADELPHIA--(BUSINESS WIRE)--Feb. 12, 2003

Primavera TeamPlay(R) Listed as Technology That Will Make Business

"Faster, Smarter and More Productive"

Business 2.0 magazine released its third annual "Essential Business Software Tool Kit" in its February issue, which included Primavera TeamPlay as a leading portfolio management solution. TeamPlay is enterprise project management software for ensuring IT and software development projects are repeatable successes.

"We are honored that Business 2.0 included us in this feature article," commented Richard K. Faris, president of Primavera Systems. "Technology managers worldwide are using Primavera TeamPlay to improve resource, project and portfolio management. The software's web-based modules help project managers and executives ensure that the company is working on the right projects and has aligned its resources properly."

Faris added, "Our software also helps project teams meet performance expectations and eliminate wasted time and costs associated with projects that are misaligned or performing poorly. With real-time visibility into projects and resources, business decisions can be made swiftly and confidently."

The "Tool Kit" is a definitive list of 53 companies and the technologies that will make business faster, smarter, more transparent and more productive. The editors of Business 2.0 created the list (in previous years called the 'Owner's Manual') in conjunction with Meta Group, a Stamford, Connecticut-based information technology research and consulting company. According to Business 2.0, the technologies featured in the guide "pry open once-closed information loops and allow executives to see through layers of management to real-time data."

About Primavera TeamPlay

Primavera TeamPlay is designed to help corporate IT organizations, especially within financial services, high-tech telecommunications and government industries, manage the unique characteristics of engineering, software development and information technology projects. It is the first web-based, unified portfolio, project, process and resource management software that offers the combined benefits of managing projects, building and using standard methodologies and efficiently leveraging resources to help companies minimize project life cycles and deliver project results.

About Business 2.0

Business 2.0, a monthly magazine about what works in business today, is published out of The FORTUNE Group at Time Inc., an AOL Time Warner company. For more information, visit www.business2.com.

About Primavera Systems, Inc.

Founded in 1983, Primavera Systems, Inc., is the leading worldwide provider of project management, control and execution software and services. Primavera's innovative solutions help more than 40,000 companies around the globe achieve business success through project success. Primavera products maximize return on investment by speeding time to market, establishing best practices, assessing risk and providing project visibility to all participants, from executives to team members. The company serves a broad range of industries, including aerospace and defense, automotive, chemical processing, construction, energy, engineering, financial services, manufacturing, pharmaceuticals, software development, technology, telecommunications and utilities.

Primavera is headquartered in Philadelphia (Bala Cynwyd), Pennsylvania, with offices in Chicago, New Hampshire, New York, San Francisco, Hong Kong and London. Visit Primavera at http://www.primavera.com.

Primavera and Primavera TeamPlay are trademarks of Primavera Systems, Inc. All other trademarks mentioned herein are the property of their respective owners.