Exact Software Acquires Vanguard Solutions Group; Company Extends Mid-Market ERP Capabilities with Business Analytics, Strengthens Distribution of Vanguard GPS Solution

Business Wire, Oct 10, 2005

ANDOVER, Mass. -- Exact Software(TM), a leading provider of solutions that connect the people, processes and knowledge essential to an organization, today announced that the company has completed the acquisition of Vanguard Solutions Group, a Glen Ellyn, IL-based provider of enterprise business intelligence solutions. The acquisition enables Exact Software to more fully address the growing need within the mid-market for comprehensive business analytics capabilities that extend traditional financial reporting and ERP functionality. It also widens distribution channels for the Vanguard Graphical Performance Series(R) solution worldwide.

The acquisition is a natural extension of the strategic partnership between Exact Software North America and Vanguard Solutions that led to the development and release of Exact Business Analytics in October 2004, a robust business analytics solution that is fully integrated with the Exact Macola ERP product line. As a result of the acquisition, Exact Software will be able to more tightly integrate Exact Business Analytics with its existing product family, and develop additional capabilities to meet the evolving needs of both Exact and Vanguard customers and prospects.

"With the ERP market becoming increasingly commoditized, Exact Software has differentiated itself by delivering complementary solutions that extend traditional ERP functionality to unlock greater value and efficiency," said James P. Kent Jr., CEO of Exact Software North America. "The acquisition of Vanguard Solutions bolsters this strategy and positions us for future growth by providing Exact Software with excellent technology and deep domain expertise in the enterprise business analytics software market."

As a result of the acquisition, Vanguard Solutions will become a division of Exact Software North America, which also includes the Macola, JobBOSS, MAX and Alliance/MFG divisions. In addition, Anthony Balio, Vanguard's president and CEO, will stay on with Exact Software North America, joining the company's executive team. Vanguard will continue to develop and distribute the Vanguard Graphical Performance Series solution and related business intelligence technology worldwide.

"We are excited about becoming part of the Exact Software family," said Mr. Balio. "With a strong reputation and unsurpassed commitment to product development, Exact Software has the expertise and resources to ensure that we consistently deliver market-leading business analytics and performance management solutions to our customers, partners and prospects."

About Vanguard Solutions Group

Founded in 1993, Vanguard Solutions Group delivers performance management solutions that help companies intelligently interpret and analyze business information. Vanguard enables companies to leverage their investments in enterprise systems by transforming operational data into business insights, saving management time and money. Vanguard is headquartered in Chicago, with additional offices in the United Kingdom and affiliates around the world. Companies like Bayer AG, Intertape Polymer Group, Noveon, Wyandot Snacks and Parker Hannifin rely on Vanguard for enterprise reporting and analysis. For more information, see www.vanguardsolutions.com.

About Exact Software(TM)

At Exact Software, we believe in Business Unified(TM) -- being a leading provider of solutions that connect the people, processes and knowledge essential to an efficient, competitive business. Exact's integrated solutions encompass executive control, accounting, manufacturing, distribution, online commerce, CRM, HRM, document management, Web portals, workflow and more, empowering collaboration among employees, suppliers, and customers with real-time access to central Web-based corporate information and exchange. Exact Software's solutions provide greater visibility across the organization, maximizing control, productivity and efficiency for the entire value chain.

Exact Software North America is a division of Exact Holding N.V. (Amsterdam: EXACT.AS), located in Delft, the Netherlands, and has its headquarters in Andover, MA. For more information, please visit: www.exactamerica.com.

Exact Software, Business Unified, Macola, e-Synergy, JobBOSS, MAX, and Alliance/MFG are trademarks or registered trademarks of Exact Holding N.V. and/or its subsidiaries in the U.S. and/or other countries.