Business Engine Network Version 5.5 Adds Application Portfolio Management; New Release Provides Application Total Cost of Ownership

Business Wire, June 12, 2006

SAN FRANCISCO -- Business Engine, the leading provider of project and portfolio management software solutions, has announced the availability of the Business Engine Network(TM) (BEN(TM)) 5.5. The new release provides the industry's first integrated solution for Project Portfolio Management (PPM) and Application Portfolio Management (APM) designed to deliver application total cost of ownership.

BEN Application Portfolio Management (APM) provides IT organizations and their internal business customers insight into infrastructure, maintenance, support and new development spend by application. Companies can now easily and quickly rationalize their application portfolio against business objectives and IT technology standards, resulting in greater alignment between IT and 'the business'.

Forrester Research Principal Analyst Phil Murphy notes that "APM gives CIOs and IT management the metrics they need to manage. Finally, the tools exist to let IT management measure existing applications and provide the metrics that enable intelligent decisions about applications." (Source: APM Tools Will Reach $500 Million To $700 Million by 2008, by Phil Murphy, July 22, 2005)

The BEN is the premier, industry-proven(1) choice for bringing financial governance to project-driven organizations. By integrating the entire project and application portfolio within a single, Web-based enterprise solution, the BEN provides organizations with the operational and financial transparency to quickly make informed decisions, control execution and measure results.

"Organizations spend a significant amount of their IT budget maintaining large inventories of applications that have been implemented as a result of Y2K and the .com era," said Mark Strauch, Business Engine's Chief Executive Officer. "Now organizations will have a full picture of their overall portfolio spend and be able to move towards a disciplined assessment and ultimate cost-aligned transformation of their application and project portfolios."

BEN APM provides new capabilities for:

--Application Inventory - Easily capture applications, associated technologies and relationship to business objectives

--Financial Transparency - View the total cost of application ownership including infrastructure, support, maintenance and enhancement costs

--Application Lifecycle Planning - Define, manage and monitor investment, consolidation or retirement strategies in alignment with business and IT objectives

About Business Engine

With more than 20 years experience in developing innovative enterprise applications, Business Engine is the leading provider of project and portfolio management solutions that enable global organizations to financially govern and proactively manage their investments in IT and R&D. Business Engine solutions provide industry-leading organizations with visibility and control to align corporate objectives with portfolio investments, make informed decisions and generate greater ROI. Our customers and their customers rely on Business Engine solutions for cost transparency into where investment dollars are being spent and what they are delivering in return. Business Engine serves over 80,000 end users at more than 500 global organizations, including Capital One, Western Asset Management, Northrop Grumman, Deutsche Bank, Merrill Lynch, Siemens and Tesco. Visit www.BusinessEngine.com for more information.

(1)Business Engine was declared a 'Leader' in the March 2006 Forrester Wave(TM) report entitled "Project Portfolio Management, Q1 2006".