SRC Software Positioned in the Visionary Quadrant in Corporate Performance Management Magic Quadrant

Business Wire, Nov 1, 2004

PORTLAND, Ore. -- SRC Software, a leading provider of sophisticated enterprise financial planning and performance management solutions, announced today that it has been listed in the visionary quadrant in leading analyst firm Gartner Inc.'s Corporate Performance Management (CPM) Suites Magic Quadrant, an annual assessment of the strengths and weaknesses for competing vendors and solutions.

To qualify for the CPM Magic Quadrant vendors have to meet specific criteria metrics to compete for a favorable spot within it. Gartner uses corporate performance management (CPM) as an umbrella term to describe the methodologies, metrics, processes and systems used to monitor and manage an enterprise's business performance. Gartner defines vendors listed in the visionary quadrant as having a clear vision of market direction and are focused on preparing for that, but they can still improve in terms of optimizing service delivery.

The last year has been a time of record growth and expansion for SRC Software as they recently announced their intentions to expand by opening direct sales offices in Europe and Asia in addition to bringing new international distribution partners on board. In 2003/2004 SRC bolstered their existing product line by successfully introducing new vertical CPM suites specifically tailored to the healthcare and financial markets, broadening the company's already impressive list of customers. SRC has also increased both customer implementations and revenue streams and executed in its overall vision to create a suite of CPM products that any corporation can easily build into their existing infrastructure.

"SRC Software is poised to deliver the most intuitive, easily-integrated and powerful CPM suite on the market today through new direct sales offices and distribution partners throughout Europe and Asia," said Tom Malone, CEO of SRC Software. "We believe that being positioned in the visionary quadrant in the Gartner Magic Quadrant demonstrates that we have been able to execute on our vision of delivering customer-driven product innovation and unprecedented customer satisfaction."

Building on more than 20 years' experience in the planning, budgeting and reporting market, SRC Software has established itself as a major player in the CPM market, particularly within the healthcare, financial and vertical markets. With a product line that encompasses 10 unique and fully-integrated products, the SRC CPM Suite enables mid-size and large enterprises to drive overall strategy down to the operational level, maintaining complete confidentiality with the data that is generated.

Gartner used a wide range of analytical metrics to select vendors for the CPM Magic Quadrant. The metrics used encompass vendor viability, functionality, technology, and service and support.

Magic Quadrant Disclaimer

The CPM Magic Quadrant is copyrighted in October 2004 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About SRC Software

SRC Software (www.srcsoftware.com) is the leader in providing flexibility and sophistication for enterprise financial planning and corporate performance management. With over 2,400 installations in mid- to high-end enterprises, SRC's highly personalized budgeting, payroll planning and multi-source consolidation and reporting solutions are used by companies such as New Balance, Comerica, Gymboree, Lands' End, and Caterpillar Logistics Services Inc. SRC offers a full complement of financial planning and analysis tools through its unique integration of spreadsheets and industry-leading databases complete with full-scale Web deployment. The company is privately held and based in Portland, Oregon. SRC has regional offices in Boston, New York City, Houston, Chicago, Los Angeles, San Francisco and Atlanta. For more information, contact SRC Software at 1-800-544-3477 or by e-mail at info@srcsoftware.com.