OutlookSoft Positioned in the Visionary Quadrant in Corporate Performance Management Magic Quadrant; Leading analyst report assesses ability to execute and completeness of vision

Business Wire, Oct 18, 2004

STAMFORD, Conn. -- OutlookSoft Corporation, a leading provider of business performance management (BPM) solutions for Fortune 1000 and Global 2000 companies, has been listed in the visionary quadrant of the Gartner Inc. (NYSE: IT) Corporate Performance Management (CPM) Suites Magic Quadrant report. This annual report is published as an analytical representation of the current CPM market, measuring vendors against Gartner-defined criteria for a marketplace based on their "ability to execute" and "completeness of vision." According to Gartner, vendors listed in the Visionary Quadrant have a clear vision of market direction and are focused on preparing for that, but they can still improve in terms of optimizing service delivery.

"OutlookSoft is pleased to be recognized for its growth within to the CPM marketplace," said Mike Morini, President of OutlookSoft. "Our ability to optimize and unify planning, budgeting, forecasting, consolidation, reporting and analysis processes within a user-friendly Microsoft environment has been a strategic differentiator for us in the burgeoning CPM marketplace. OutlookSoft remains committed to building upon its momentum and offering our customers the most effective application for assessing their financial and operational data."

Over the last year, OutlookSoft has continued to gain considerable momentum in the CPM marketplace, consistently winning key enterprise-scale deals against other established competitors. While securing relationships with global leaders in a variety of industries, OutlookSoft continues to thrive in areas such as company growth, branding and awareness, revenue generation, product development, and customer satisfaction.

Source: Magic Quadrant for CPM Suites: No Dramatic Movement in 2004, L. Geishecker, F. Buytendijk, B. Wood, October 2004.

About The Magic Quadrant

The Magic Quadrant is copyrighted October 15, 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 OutlookSoft Corporation

Headquartered in Stamford, Conn., OutlookSoft Corp. is a leading provider of unified, real-time business performance management (BPM) solutions powered by the Microsoft Business Intelligence Platform. The company's Web-based solution, OutlookSoft Everest, provides a single application for strategic planning, budgeting, forecasting, statutory consolidation, reporting, analysis, scorecarding, and dashboards. Everest includes a patented, enterprise-class version of Microsoft Office Excel, the de facto industry standard for financial and operational planning, analysis and reporting. Everest enables the BPM process to include every key decision-maker across the extended enterprise.

OutlookSoft has offices throughout North America, Europe, the Middle East, Africa, Australia and Asia Pacific, to serve multinational customers across diverse industry segments. OutlookSoft is a Microsoft Gold Certified Partner for Business Intelligence.

Visit http://www.outlooksoft.com/pr/ or call (203) 964-3100 for more information.

OutlookSoft is a registered trademark of OutlookSoft Corp. All other brand or product names are trademarks of their respective companies.

Special Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" relating to, without limitation, future economic performance, plans and objectives of OutlookSoft Corp. for future operations and projections of revenue and other financial items that are based on the beliefs of, assumptions made by and information currently available to OutlookSoft Corp. The words "expect," "estimate," "anticipate," "believe," "intend," "plan" and similar expressions and variations thereof are intended to identify forward-looking statements. The cautionary statements in this press release identify important factors with respect to such forward-looking statements, including certain risks and uncertainties, which could cause actual results to differ materially from those expressed in or implied by such forward-looking statements.